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...The survey said hotel investments accounted for the largest proportion of 36 per cent of total commercial real estate investment volumes in Spain, from 18 per cent the year before....
...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...The recent banking crisis has also triggered investor concerns that banks might restrict lending to the sector to shore up their balance sheets....
...The yield on the 10-year note fell to 3.82 per cent, its lowest level in a month, as traders fretted about how possible constraints on lending may affect US growth....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...The situation comes as analysts at Loomis Sayles have sounded the alarm about a potential “doom loop” in US commercial real estate, where defaults cause banks to restrict lending and as a result prompt more...
...The executives were speaking after their banks reported fourth-quarter earnings that showed that their lending businesses had benefited significantly from higher interest rates....
...Private credit and leveraged lending markets remain vulnerable to “sharp revaluations”, the Bank of England has warned, in its latest attempt to sound alarm bells about risks building up in non-bank finance...
...However, the growth of private credit is in large part supposed to be driven by the retreat of banks from commercial lending — “debanking”, as Rowan calls the trend....
...CRE Reits have CRE-itis This doesn’t sound like great news for commercial real estate: Some of the biggest names in commercial real estate lending have all but turned off the spigot....
...Commercial bankers can take some comfort from that. Private credit funds may not have their advantages competed away....
...Rohit Mathur, a Citi commercial banker who, along with a colleague, came up with the idea for Bridge, likens the platform to a dating app but for lending....
...You, a rube like Alphaville, may have noticed the looming economic downturn and think it’s a bad time to be lending to fast-growing but asset-lite Vapourware Inc owned by investment firms FaceRip Street...
...Rieder: We’ve done things like buying commercial paper, one-year commercial paper at six and a quarter. You don’t even have to do anything with it! Today, I think the world’s different....
...But it also has exposure to French football through a €1.5bn investment in a commercial subsidiary created in 2022....
...That compares with the ¥33bn pulled in by its retail and commercial banking business in Japan, which had a return on equity of 1.7 per cent....
...This would be bad news for banks that have increased their CRE lending in recent years....
...He noted that banks were already pulling back from lending to commercial developers. “Every bank in the country is way tighter on real estate loans today than they were six months ago,” he said....
...The flipside to rising rates has been added pressure on borrowers across the economy, with worries about loan defaults, especially in commercial real estate....
...A version of this article was first published by Nikkei Asia on June 13, 2023. ©2023 Nikkei Inc. All rights reserved....
...Cheap funding keeps net interest margins plump, lifting lending. While loan growth has slowed, it still grew 8 per cent year-over-year in May....
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
...A notable risk area is the effect on lending to commercial property....
...What you need is a good old rate sensitive midsized bank with lots of commercial real estate exposure — because most small and midsized business lending is real estate lending, more or less....
...Letter in response to this article: Overseas M&A forms backbone of Japan Inc / From Kiminori Yamaguchi, Tokyo, Japan...
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