The Miami-based firm expects most loans in special servicing to become performing again, largely because of higher credit standards post-GFC.
The world’s largest CMBS servicer says its actual special servicing activity during the covid-19 crisis is more than what the numbers show.
The US manager has backed former Tyndaris real estate boss Clark Coffee’s new venture to capitalize on dislocation in the European lending market.
The Europe-focused private equity real estate firm has hired a team from Kennedy Wilson to invest in the world’s largest property market.
Investors committed around $5bn of capital to Blackstone Real Estate Debt Strategies IV after the end of Q1 2020.
Leniency from banks has given private real estate lenders flexibility to pass down, but leveraged investments remain a ticking timebomb.
The economic fallout from covid-19 has stoked fears of a liquidity crisis in US commercial property lending.
The duo will target both the acquisition and origination of loans secured by real estate in the western US, Ireland and the UK.
Capital providers and their managers are seeking fresh pockets of value as fundraising in the sector dips.
Last month’s real estate debt fire sales at the outset of the covid-19 outbreak in the US were just the tip of the iceberg for private real estate