Finance & Lending

Chief investment officer Marcus Duley expects to see some foreclosures, but there’s plenty of rescue capital still in the market, he notes.

Distress levels in European real estate are at the highest in a decade, in part because of a decline in liquidity.

The sector continues to be viewed favorably in the marketplace. But potential returns are lower, leading to a reassessment by debt and equity investors.

Many lenders have stopped financing office assets, and those that do are offering less favorable terms and scrutinize deals closely.

BREIT, which was designed for wealthy individual investors, has struggled in recent months and been forced to limit withdrawals.

Not many multifamily investors are eager to take out acquisition or refinancing loans right now.

The strains in the credit market are largely linked to aggressive rate increases by the Federal Reserve and central banks around the world.

As U.S. economic growth shows signs of slowing, more loans are being downgraded — November saw the most cuts for issuers since May 2020, according to JPMorgan. CLO managers are avoiding CCC loans, or even loans close to getting downgraded to that...

In spite of still stellar property fundamentals, both industrial developers and lenders prefer to play it safe on new construction.

Investor-driven lenders are continuing to be aggressive in a period of rising interest rates, helping multifamily investors top off their capital stacks.