If you are a real estate borrower in the US, or an adviser that works on behalf of borrowers, we want to hear from you. PERE Credit’s inaugural Borrowing Barometer survey is designed to take the pulse of the US real estate financing market from those that use debt or raise it on behalf of those that use it.
To take part in the survey, click HERE to access the dedicated page. The survey will be open until 5pm EST time on Friday 27 September. The results, alongside analysis, will be published in the winter print edition of PERE Credit, and on www.perecredit.com in early December.
It is a crucial time to understand the borrowing market. Many real estate owners and investors will need to replace maturing debt in the coming months and years and will need to do so on a very different basis to when many of their loans were initially sourced. Rising rates have resulted in lower capital values, a higher cost of debt, and lower loan-to-values being available from lenders. As sponsors face the debt funding gap head-on, this survey will shed light on the conditions they are witnessing.
Meanwhile, a market in transition represents an opportunity for some buyers, with the prospect of acquiring assets at lower values than in recent years. For some, that will require working with lenders to source acquisition financing facilities, often including an element of capex financing as buyers seek to upgrade dated assets. Developers are also targeting parts of the market with undersupply in key sectors. Financing for schemes will be in increasing demand.
In this underwriting environment, the insight and outlook of the borrowing community is essential.
The survey should take approximately five to 10 minutes to complete. Your submission will remain entirely confidential, and all submitted data is anonymised. Click HERE to tell us how you see the current borrowing market.
