Tenant demand for a decreasing amount of space is leading bank and non-bank lenders to be more willing to finance developments, redevelopments and refinancings.
PERE Credit reveals global purview expansion plans; Accolades for the US commercial real estate credit market go live this week with the reveal of PERE Credit’s 2025 awards; JPMorgan Asset Management makes the case for asset selection over aggregation as alternative sectors further institutionalize; Real estate credit managers look for a reputational split with broader private credit markets during a volatile period; and more in today’s Term Sheet, exclusively for our valued subscribers.
A major change is announced for the future of our coverage of the real estate credit industry; the winners across the 27 categories of the Real Estate Capital Europe Awards 2025 demonstrated their successes amid a challenging market backdrop; the crisis in the Middle East adds significant uncertainty to an already volatile geopolitical situation; and more in today's briefing, exclusively for our valued subscribers.
As banks and debt funds seek efficiency in a fragmented and fast-growing back leverage market, warehouse-style structures are becoming the preferred route.
The sector saw €4.25bn issued across four facilities from December to mid-February, according to our loans database.
A spike in the five-year swap rates in the UK and eurozone is likely to have a ‘material’ impact on the price of real estate debt.
The Dutch firm is owned by real estate entrepreneur Daan Reekers and led by Bert van den Hoek.
Apollo Global Management is adding to New York City’s office-to-residential conversion queue with a $420m loan for RXR’s reconfiguration of 61 Broadway; Brevet Capital is building up Philadelphia with the addition of a residential tower backed by debt funding from Banco Inbursa; Zenith IOS has more grounds and a $130m credit facility for its industrial outdoor storage expansion alongside JPMorgan Asset Management; and more in our round-up of stateside loan deals from the past week.
Rohit Srivastava, the manager’s European credit specialist, tells REC Europe why the firm plans to ramp up lending.
Responses across multiple measures of debt‑market conditions largely aligned with CREFC Europe’s Q4 survey.