PERE Credit’s Post

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

Last week's biannual conference of the COMMERCIAL REAL ESTATE FINANCE COUNCIL INC had all eyes on the Federal Reserve Board and its expected interest rate cuts. Real estate investors are eagerly awaiting these cuts as they expect them to unlock capital just as lenders become more aggressive with distressed borrowers. This dynamic is anticipated to boost acquisitions and force sales at discounts. Read more here: https://lnkd.in/eSXn8AYp   #CommercialRealEstate #CRE #RealEstateMarket

#KCPNews: Now, nearly $5 billion worth of debt on those properties is set to mature over a 12-month span starting next year. It’ll be a big test for how prime properties bought at the height of the market fare in today’s challenging refi environment. “I think there’s some resiliency we’re expecting to see from some of these stronger New York buildings, but they’re not immune,” said Mike Brotschol of #KBRACreditProfile. Read the full The Real Deal article here: https://lnkd.in/eSzWMZDW | #debtprofile #creditprofile #financing #commercialrealestate

“I’ve been in CMBS for 30 years, and I have borrowers who say, ‘I’ll never do this again,’ and then we’re having a closing dinner. I say, ‘Remember 10 years ago?’ But in this marketplace it’s any port in a storm,” said Michael D. Cohen, Managing Partner at Brighton Capital Advisors. Check out our insight below for more on why CMBS financing has come roaring back in commercial real estate.

Interesting article on potential private credit restructurings. Simpson Thacher & Bartlett LLP "Even if a lender is permitted to trade out of a troubled asset, limited liquidity in the private market makes new lenders harder to find. Any new lender would likely expect a significant discount to par in such circumstances, which is unpalatable for direct lenders who are unwilling, or indeed unable under their fund documents, to crystallize a loss." https://lnkd.in/ezcsVdwR #specialsituations #restructurings #disputes

Distressed real estate investing comes in many forms. With the recent uptick in distressed commercial real estate, sponsors and investors often seek restructuring advice in the context of mezzanine loan defaults. In this Olshan Frome Wolosky LLP Client Alert, authored by Chair of the firm’s Bankruptcy & Financial Restructuring and Distressed Real Estate Practices Adam Friedman, we discuss the unique aspects of distressed mezzanine loans and issues to consider in mezzanine loan restructurings. #OlshanLaw #ClientAlert #BankruptcyLaw #DistressedRealEstate #CommercialRealEstate https://lnkd.in/e8Gn7wDt

"Record low interest rates continue to reshape the commercial real estate finance landscape. 🏙️ A recent report highlights how investors are taking advantage of these favorable conditions to secure funding for various commercial projects. 📈Key takeaways include: Market liquidity is on the rise, REITs are gaining traction, and flexible underwriting standards open new doors for borrowers. 🚪 What opportunities are you seeing in this evolving market? #commercialrealestate #commercialmortgagebroker #interestrates #REITs #financingstrategy"

The old 2 for 1 strikes again! In this transaction, we have a client who sourced a deal that brought side-by-side homes to the table as a great opportunity for a value add buy and hold. Based on our relationship with this client, we think it will be hard for them to hold onto this one when it's all said and done. With the style of work that they do to properties that they own, we think there will be plenty of meat on the bone for a potential sale. Sell or hold, this property has a ton of potential. Located in a desirable area of Los Angeles, monthly rents on properties in this market will help the investor cash flow monthly on their hard money loan. Now that's a nice feature while the client works on seasoning and long term financing. We can help you! Are you thinking of buying and holding a property? Or do you buy and sell? Whether you are attacking residential investment properties or commercial assets, we have loans that can help. . . . #SLCapitalGroup #SLCG #Buyandhold #exitstrategy #hardmoney #privatemoney

Private credit lenders like MaxCap Group and Pallas Capital are chasing growth in Australia's commercial real estate sector following stricter capital rules for banks. With backing from global investors such as Goldman Sachs, Warburg Pincus LLC, and PGIM, Australia is becoming a key market for private credit. Double-digit returns and lower costs are making it a hotspot for investors. Ameya Karve and Sharon Klyne | Bloomberg https://lnkd.in/ginrZgwv #RealEstate #RealEstateInvesting

Economic cycles are not the key issue for real estate investors. It is leverage. Savvy investors with conservative leverage ratios, on the other hand, view downturns as opportunities to thrive and grow their portfolio. https://lnkd.in/ge3i3StX #ccim #ccimwa #realestate #investors #leverage