Term Sheet: Borrowers brace for further ECB rate hike, CREFC Europe survey suggests leverage reduction, alternative lenders target growth

Denmark’s Danske Bank is among those expecting a significant rate hike from the ECB next week, which would impact real estate debt costs; respondents to CREFC Europe’s Q3 sentiment survey report lower loan-to-values in new lending deals; alternative lenders, including manager AllianceBernstein, see more opportunity to do deals amid lending market dislocation; and more in today’s briefing, exclusively for our valued subscribers.