Refinancing ‘Cliff’, US Contagion and Back Leverage Dominate Lender Landscape

The potential for a refinancing “cliff” prompting a wave of distressed commercial real estate sales over the next year, the likelihood of banking contagion in the US spreading to European and UK real estate, and the return of ‘back leverage” to boost lending returns dominated discussions at this week’s Commercial Real Estate Finance Council Europe Spring Conference.

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