Real estate debt

Moody’s identifies the loan vintages most at risk of default

The ratings agency said many facilities were secured by overvalued property and had weak covenants.

Analysis: Urgency rises around restructuring stressed loans

Lenders will have ‘no choice’ but to enforce if these conversations do not start soon, according to restructuring specialists at accountancy PwC.

Blackstone completes purchase of $1bn loan portfolio from pbb

The manager has acquired performing loans from the German bank in a landmark transaction.

Goldman holds final close for latest real estate credit fund

West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.

Avenue Capital closes European fund on more than $1bn

Fifth vintage of the firm’s special situations strategy focuses on senior secured, ABL loans in Northern Europe.

Natixis seeks to scale real estate private credit back leverage business

The Paris-based bank is seeking to increase financing options for alternative lenders.

UK lending fell to a 10-year low in 2023, says Bayes

Lenders, including debt funds, issued significantly less financing, the business school’s data shows.

Blue Owl’s Zahr outlines private credit growth ambitions

The manager will be looking to originate its own loans, pursue securitised deals and acquire loans from traditional lenders as part of its real estate debt roadmap.