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Rising cost of back leverage threatens to impede returns

Providers of loan-on-loan finance are pricing in higher interest rates. Alternative debt providers that use leverage to boost-their-real estate lending returns are facing rising funding costs as providers of loan-on-loan finance, also known as back leverage, price in higher interest rates. Loan-on-loan finance has gained in popularity with European debt fund managers in recent years […]

Developers urged to act now to hit new biodiversity targets

The pressure points to watch for in today’s febrile debt market

Rising debt costs create new sources of stress in commercial property finance market On paper, the commercial property debt market today is far better able to withstand shocks than it was when the financial crisis hit. Banks are better capitalised, there are many more lenders out there with different funding sources and leverage is typically […]

Oxford Properties director joins debt adviser

What: BBS Capital has appointed Mark Geraghty as director of debt advisory Why: He joins from Oxford Properties where he was a director in the real estate finance and capital markets team. What next: He will be leading and originating debt advisory mandates across all sectors     London-based debt advisory BBS Capital has appointed […]

UK Property Lenders’ Patience Is Going To Be Stretched, But It Won’t Break

For the last decade or more, lenders have been forbearing in their approach to nonperforming property loans. Unless there are exceptional reasons to foreclose, they would rather wait patiently for values to rise than sell at a loss. Today, pressure on lenders is slight — even if their expectations of consumer debt problems in the […]

BBS Capital secures development loan for Birmingham resi project

BBS Capital has closed a facility with Alpha Property Lending to provide a peak debt loan to fund the construction of 438 new homes by a joint venture between Galliard Homes and Wavensmere Homes. The nearly five-acre site on Belgrave Middleway, Birmingham, will be a new neighbourhood in a centrally located area in the city, featuring high-quality architecture and substantial amenity […]

London North Studios secures £35m loan from Tristan’s debt fund

A real estate debt fund managed by Tristan Capital Partners has refinanced a film and TV studio owned by UK-based property developer Ziser London. Tristan Capital said its TIPS One Real Estate Debt Fund has provided £35.4m (€41m) of senior debt to Ziser London for the refinancing of London North Studios. Debt advisor BBS Capital acted on […]

ASK lends £22.5m to HIG Realty Partners

Real estate funding specialist, ASK Partners (ASK), has provided a £22.5m senior loan facility to H.I.G. Realty Partners for the expansion of H.I.G’s Life Sciences portfolio. The loan purpose is to fund the acquisition of a 0.5-acre site in Whitechapel. H.I.G. Realty Partners’ & Lateral’s longer-term plan is to develop the site into a high-quality, […]

Reacting to a rebound of confidence

 

David Church joins board of BBS Capital

What? David Church has been appointed to the board of BBS Capital Why? He will serve as a non-executive director of the firm What next? He will be working closely with senior executives Joanne Barnett and Adam Buchler   Independent debt advisory firm BBS Capital has appointed David Church to join its board as a […]