Shadow lenders take bigger slice of real estate debt
Private funds seek record US$32b as buyout firms, Reits and hedge funds expand lending
New York
HEIGHTENED scrutiny of US commercial real estate lending is paving the way for lightly regulated investors to gain a bigger toehold in lucrative deals.
Private funds are seeking a record US$32 billion for commercial property debt as buyout firms, real estate investment trusts (Reits) and hedge funds expand lending. These companies, which typically charge higher interest rates, can move quickly on large loans that may be seen as too speculative for banks.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Manulife profit beats on growth in Asia, wealth management
Hot stock: UOI surges to over 6-month high amid heavy trading
OCBC’s Q1 profit up 5% to S$1.98 billion; CEO confident about 2024
Europe’s rush for rate cuts shifts global market power away from US
A$90 billion Australia pension reviews investments as Israel-linked firms face pressure
SoftBank sells off Vision Fund assets as Son pivots to AI, chips