Opinion Pieces
13th May, 2019
DFT Opinion Piece: Keeping discipline in the current market is key for lenders and developers alike
There has recently been some interesting headlines from trackers of commercial real estate debt activity: Cass Business School and Laxfield Capital.
While leverage levels are nowhere near the suicidal levels of the previous cycle, Laxfield reports an increasing level of enquiries for debt at higher than 65% LTV. By contrast, a study by Cass suggests that the gap is being met by specialist bridging, and stretch and mezzanine lenders that are specifically targeting higher risk and reward profiles.
