Market
Perspectives
Notes on bridge finance, development capital, and prime European real estate markets.
Notes on bridge finance, development capital, and prime European real estate markets.
Notes on bridge finance, development capital, and prime European real estate markets.
Luxembourg is not a trophy real estate market, but it is Europe's dominant structuring jurisdiction for prime cross-border assets. How lenders approach SOPARFI-held properties, and what bridge and development finance looks like through a Luxembourg holding company.
Switzerland has one of the most restrictive ownership regimes in Europe for non-residents. What Lex Koller actually restricts, where the exemptions sit, and why it is the first thing to settle before financing a Swiss asset.
Beyond the trophy lakefront and ski stations, much of the real Swiss demand is from private landlords holding multi-unit residential stock. How a first-charge bridge against a Swiss portfolio is sized, secured and exited.
The two products are often used interchangeably in conversation, but they are underwritten differently, priced differently and suited to different stages of a transaction. A short guide to choosing the right tool.
Having underwritten more than £500M of real estate loans on the lender's side of the table, our founder sets out what a credit team is really assessing, and how borrowers can present a file that moves quickly.
A bridge is only as good as its exit. We look at the three routes out of a bridge facility, how lenders weigh them, and how to build optionality into a loan before it is drawn.
Cross-border ownership is the norm in prime French and Monégasque real estate, but the holding structure shapes everything that follows, including who will lend. A guide for non-resident buyers.
As acquisition timelines compress and competition for prime assets intensifies, bridge lending has become an indispensable tool for sophisticated buyers. We examine the current state of the market across the UK, France and Switzerland.
Rising construction costs and persistent interest rate pressure have made capital stack optimisation more critical than ever for development projects. We walk through the key decisions developers face when structuring their financing.
Brand selection drives ADR, NOI and exit value, but it also drives lender appetite, underwriting LTV and refinancing risk. We look at brand decisions through the lens of bridge and development finance.