Anna-Marie Beal
Borrowers are seeking speed and certainty over execution of loan terms, says Bryan Donohoe, partner and head of real estate debt at Ares.
The firm is also seeing increased borrower focus on speed of execution.
An uneven recovery may lead to a divergence in sector-specific NPL ratios.
An uneven recovery may lead to a divergence in sector-specific NPL ratios.
Borrowers are tapping into ample liquidity for acquisitions and developments while lenders are being adequately compensated for risk.
Rental housing and industrial are the firm's top priorities.
The balance sheet lender has no plans to securitize its loans.
Though the firm is worried about the impact of rising construction costs.
Underwriting loans in the sector could become more difficult if wages aren’t commensurate with rent increases.
The move comes as more borrowers are turning to non-bank lenders.