Are there green shoots maybe for new debt in the real estate market?
It put a spring in my step to read in Property Week that some lenders are indeed progressing new finance deals albeit with lower LTVs, higher pricing etc. Its good to move things forward from the “debt pause” there was in the immediate wake of lockdown commencing. What we need next are the valuers to be able to get on site as getting valuations done has been a major stumbling block to preventing the real estate finance deals closing.
Subcribe to news and viewsLenders and debt advisers report that some new funding deals are progressing, even in sectors that have been adversely affected by the coronavirus outbreak.
https://www.propertyweek.com/finance/real-estate-debt-market-down-but-not-out-despite-covid-19/5107699.article?utm_content=Weekly+Breaking+News+CID_daa97fb73525d9d362880352fea3185f&utm_term=Real+estate+debt+market+down+but+not+out+despite+Covid-19
