John Kjelstrom and Casey Irwin highlighted key drivers of debt valuation for Q2 2019. They also covered rec...
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In reviewing what has transpired in the CRE lending markets over the past six months, we found it helpful to re-read our market commentary as it was written at the end of the last three quarters.
U.S. equity indices moved lower for the week as rising tensions between the U.S. and China and increasing hospitalization rates in the nation’s COVID-19 hotspots soured investor sentiment.
We will examine current market conditions and Fed policy, hedging implications and considerations, and USD LIBOR transition, all within the context of the COVID-19 market.
We will examine current market conditions, communications from the European Central Bank and Bank of England, and IBOR transition, all within the context of the COVID-19 market.
After a record 20.4% monthly contraction in UK GDP in April, the expectation was that some businesses able to reopen under strict conditions in May.
The week began on shaky footing as the resurgence of COVID-19 dampened investor sentiment and renewed fears the country could be headed for more lockdowns.
Commercial real estate professionals are turning their attention toward technology to optimize workflows and focus on the core of their business.
Now that we’re halfway through 2020, let’s examine how we got here and what the second half of the year might bring.
Commercial real estate (CRE) borrowers often encounter interest rate swaps in conjunction with mortgage/debt financings. Here are some key benefits of utilizing an advisor on a lender-required swap.
Many European publicly listed real estate investors who report under EPRA are looking to take advantage of today’s lower rates by restructuring their hedging portfolio.
Given the unprecedented nature of this medical and economic crisis, with the Bank of England base rate at 0.10%, many ask whether the BoE would adopt a Negative Interest Rate Policy (NIRP).
Given the unprecedented nature of this medical and economic crisis, with the target Fed Funds range at 0-0.25%, many ask whether the Federal Reserve would adopt a Negative Interest Rate Policy (NIRP).
Considerations around risk management start with economic factors. But REITs (as SEC filers) applying U.S. GAAP accounting must also contemplate financial reporting ramifications of hedging decisions.
Real estate market participants remain cautious, requiring significant areas of judgement in quantifying updates to cash flow modeling and discount rates.
Despite the disruption caused by the COVID-19 pandemic, the UK Financial Conduct Authority is still advising all market participants to prepare for a discontinuation of LIBOR at the end of 2021.
This summarizes the impacts that COVID-19 has had on repo markets and SOFR, how market participants have responded, and the possible implications of the economic slowdown on the LIBOR-SOFR transition.
When looking to understand the risk of negative interest rates occurring, commercial real estate (CRE) investors should take care to understand the motives behind central bank decisions.
An interest rate swap is a financial contract in which two parties agree to exchange distinct cashflows for a given period of time.
This update summarizes recent actions of the Fed, how those actions have flowed through to indicators of credit conditions, and how these changing conditions are impacting CRE interest rate caps.
Independent central banks exist to protect politicians from one of the oldest temptations of government: increasing their own money supply during times of economic stress.