In the July/August edition of the Butterworths Journal of International Banking and Financial Law, Jeffrey Rubinoff and Victoria Landsbert at White & Case look at the changing face of the real estate market.
The market in real estate is in a state of evolution, with the rapid growth of quasi operational assets such as data centres and logistics centres, as well as the emergent, amenity heavy, private rented sector. We are also witnessing occupation of more conventional assets, such as offices, on more flexible terms. The varying nature of those business models means that a bespoke approach to underwriting a loan on those assets is often required. New structures are emerging which are a hybrid between “classic” real estate finance and leveraged loans.
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