The Ardonagh deal is the latest example of banks and private credit firms working together as part of the hybrid solution. The $2.04 billion, cross-border refinancing by the high-yield bonds will sit alongside a roughly £2 billion term facility by direct lenders denominated in dollars, euros and Australian dollars. This structures could very give direct lenders a way into deals that are more inclined towards broadly syndicated market. Read more on this by Thomas Beeton and Francesca Ficai on PitchBook
Nishant Sharma’s Post
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A spike in loan defaults to non-bank lenders is putting the whole private credit industry under the microscope. ASIC is currently assessing how private capital providers value the assets they lend against, and is pushing for more transparency. Our reporters have been investigating Australia’s $200b unregulated private credit boom. And today, we revealed how overdue loans are swamping one of the institutions favoured by Sydney’s wealthy. Jonathan Shapiro Aaron Weinman and Primrose Riordan continue to investigate the private credit industry. If you have information or experiences in this space, we want to hear from you. Contact us anonymously via details below. We will always protect your identity. Primrose Riordan Signal: https://lnkd.in/gFCeNJA8 primrose.riordan@afr.com Jonathan Shapiro Signal: https://lnkd.in/ghaKJAWH jonathan.shapiro@afr.com Aaron Weinman Signal: https://lnkd.in/gPEYUhXD aaron.weinman@afr.com https://lnkd.in/gPh9wN-h
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Helping The UK's Business Finance Market To Attract, Develop & Retain Leading Industry Talent
An absolute pleasure last week to spend the day with the team United Trust Bank Limited as we focussed on the ever evolving and dominant landscape of the UK broker market, and how as a lender they continue to set themselves apart by leading change in an extremely crowded market place, by putting the needs and growth objectives of their broker partners at the heart of everything that they do Nathan Mollett Astrid Michael Kerry Pickering Lauren McQuilken Alex Cooper Paul Barter CCBI Gordon McArthur Aleksandra Lesniak Jenna Forbes CB Asset Resourcing Ltd #commercialfinance #businessfinance #brokers #refinance #assetfinance #salesdevelopment #salestraining
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Download the Summer 2024 issue of Real Estate Capital Europe Inside: Cheyne Capital’s Ravi Stickney on preparing for a decade of opportunity; How the lending slowdown is affecting your pay; A 36-page special report on alternative lending, including our ranking of Europe’s 30 biggest lenders; Plus much more… https://lnkd.in/g9zx8rnS
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An international team led by Paul Gray, David Ampaw and Steven Krivinskas has advised Mount Street (as servicer and special servicer) in relation to the successful consensual extension of the circa EUR300 million CMBS loan. For more details on this transaction and the team behind it, click the link below. #CMBS #realestatefinance #financialservices
DLA Piper advises CMBS special servicer on FROSN CMBS defaulted loan extension | DLA Piper
dlapiper.com
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Insightful post by my colleague on ABS East and Private Credit Connect!
ABS East x Private Credit Connect: East (Taylor’s Version) Key takeaways from Miami (Florida!!!): 🤷🏻♀️ Call It What You Want Asset-Based Private Credit? ABL? Private ABS? Alternative Credit? How about we just settle on ABF and call it a day? 📄 Blank Space We can expect the diversification of assets in ABF to continue, together with increased participation from insurance and retail investors and newbies such as pension funds in the mix. 🔮 Mastermind One-of-a kind, bespoke ABF deals will continue to shape the market. 💕 Love Story Most expect more partnerships between banks/originators and private credit platforms. 💥…Ready For It? Private credit is estimated to be a ~$40 trillion market - still rapidly growing with particular untapped potential to apply US deal technology in Europe and Asia. What will you remember All Too Well? 👇🏽
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Lot more would be achieved in H2 of FY25. Team Finamics, let us go for it. CA. Utsav Shah Anurag Jain #finamics #realestate #realestatefunding #projectfunding #projectfinance #ConstructionFinance
We are proud to share that we’ve arranged sanctions of ₹325 Crores in loans during the first half of 2024-25, exclusively for real estate developers! This achievement, made possible through 15 strategic transactions, underscores our commitment to empowering the real estate sector and driving impactful growth. Special recognition goes Vaibhav Dongre and Anurag Jain, for their invaluable mentorship and leadership. A heartfelt thank you to our partners and clients for their unwavering trust and collaboration. Together, we’re shaping a dynamic future in real estate! 🏗️✨ #Finamics #RealEstate #LoanSanction #Growth #Collaboration #RealEstateDevelopment
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Want to know what real estate leaders think about the growing popularity of mid market funds? Last week, we hosted an insightful discussion with GRI Club Europe, featuring insights from Candice Sammeroff LLB Hons (Trimont), David PRALONG (MAYA CAPITAL), Jatin Ondhia (Shojin Property Partners), and moderated by Deepesh Thakrar, Senior Director of Debt Finance here at OakNorth. Read the key takeaways here: https://lnkd.in/gnVh4_Td #realestate #midmarketfunds #marketinsights
GRI Club meeting: Capitalising on middle market fund opportunities
oaknorth.co.uk
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We’ll be holding a new GC Live briefing for issuers and investors on UK Securitization on March 13 in London in partnership with KBRA. Brexit and the end of a prolonged low-interest rate era are reshaping the UK securitization market. With regulatory control now in the hands of the UK government, market participants (both old and new) are seeing new opportunities. Join us at our GC Live briefing on March 13 in London to get ahead of these defining moments for the industry. Topics for discussion include: - How is the return of high-street banks affecting the UK securitization market? - UK securitization regulation - Non-prime RMBS in a higher for longer world To attend, email us at gclive@globalcapital.com or visit https://lnkd.in/eRM34BYV to apply for your place. #GCLive #securitization #capitalmarkets
GC Live UK Securitization
events.globalcapital.com
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CRE Investor | Helping Individuals Strengthen Commercial Real Estate Strategies with Value-Add Solutions | With A Portfolio valued at $100M+, Covering 1.2M Square Feet
This is one of my favorite deals of all time. Tomorrow I’ll share how we stabilized this building in under 12 months and: - Pre-leased before closing - Financed an empty building with regular bank financing - 2x the value - Refinanced 100% of the equity Subscribe here ↓ https://lnkd.in/eS4z52q5
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You've invested so much time & energy into finding the deal. Let Spring Valley Bank finance the deal with our quick fix & flip financing solutions. #cincinnatirealestate #NKYRealEstate #nkyrealtor #cincinnatirealtors #communitybanking #cincinnatibanking #realestateinvestor #realestateinvesting #realestateinvestment
