Home Interest rates
interest rates
Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.
Borrowers and lenders continue to be held back by higher interest rates and a lack of clarity on valuations, notes an advisory executive.
Walker & Dunlop's chairman and chief executive takes a deep dive on the commercial real estate market and discusses the growth of the firm.
The optimism comes as the commercial real estate debt markets gear up for an estimated $930bn of refinancing.
The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.
The yield on the 10-year Treasury topped out at 5 percent in October before falling to less than 3.8 percent at the end of 2023.
Private credit lenders and other alternative sources of capital are already stepping in to work with national and regional banks to restructure loans.
Michael Boxer, a managing director, says operators are coming to grips with higher rates and are more willing to transact.
C-PACE has become an attractive tool for sponsors and developers looking for capital, argues Petros co-founder and CEO Mansoor Ghori.
The banking giant's CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.