Real Estate Capital provides a snapshot of the leading organisations offering debt liquidity to the European property sector.
Defensive investing in the current low interest rate environment was among the central themes at the annual real estate conference of our sister publication PERE in New York.
Even before the US Federal Reserve cut its benchmark fund rate, cheap money was top of mind at our sister title’s conference PERE America.
Debt market sources say some banks are agreeing to drop interest rate floors as they compete for core, senior financing deals in liquid markets.
The latest Cass report on UK real estate lending found new loan origination to have increased by 4% to £23.4bn in H1 2019 despite fewer property transactions and increased political risks.
The real estate investment group of the German insurer saw its RE debt assets under management drop from €19.3bn in 2018 to €18.9bn in H1 2019.
Non-bank lenders' growing interest in continental Europe has coincided with a drop in investment in the UK.
The German bank increased new lending in North America by 41% year-on-year in H1 2019.
Investment in Europe’s non-mainstream property sectors leapt last year, and debt providers are increasingly willing to provide finance.
Non-banks made up the largest proportion of Europe's Top 40 Lenders 2019, with a total of 18 on the list.