capital markets

The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.

Dekel brought in UBS to fund the loan after a previous lender was unable to finance the acquisition for sponsor DB Capital. 

It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.

Higher interest rates are making it more difficult for sponsors to exit properties and refinance debt.

While borrowers are already feeling the impact of higher interest rates, the low DSCRs will present a particular problem as refinancing looms. 

Aegon AM analysis shows cycle peak possibly achieved amid market uncertainty.

Gupta sees the potential to expand the firm’s senior secured bridge and permanent loan business over the next two or three years.  

The firm is seeking situations in which it can provide rescue equity or make other investments is an extension of the firm’s existing business.

Rising interest rates across global markets are having a cooling effect on the volume of assets changing hands and causing a lack of clarity over valuations.

Pricing is expected to reset as interest rates rise over the next 12-24 months.