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Daniel Cunningham

Daniel Cunningham is the editor of Real Estate Capital, contributing to and coordinating coverage of European real estate finance markets for the title's print and digital channels. Before joining PEI Media in 2015, he reported on commercial property for Debtwire and Estates Gazette.
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Our data reveals fundraising in H1 this year has plummeted from $30bn in H1 2022.
banks falling out of the system
A full-scale financial crisis currently looks unlikely, but there is further potential for volatility, the manager warned.
Jackie Bowie Chatham Financial
The head of Europe for the risk management firm sees sponsors aiming to push out debt maturities by up to two years.
The loan, which is secured by properties owned by the manager’s Sponda platform, has been placed into special servicing.
Despite an overall decline in LTVs and an increase in margins, the adviser recorded unchanged lending terms in several parts of the market.
Panellists at CREFC Europe’s London conference said uncertainty around interest rates and property values is making debt transactions difficult to underwrite.
City of London
The latest Bayes Business School report shows there was £23.7bn of origination in the first half of the year, in line with the same period in 2021.
With further interest rate increases expected, lenders in the UK are finding it difficult to underwrite new loans.
Research by the digital financing platform showed lenders have already raised margins and reduced leverage levels.
Panellists at REC Europe’s London event said inflation and rising rates are prompting greater scrutiny of potential financing deals.

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