Wow, what a year 2022 has been! Typically when I reflect on all things structured CRE related, I have more often than not found myself applying a metaphor of a roller coaster, which is suitably apt given the huge swings in
Structured Finance In Brief
Updates and analysis on current issues and topics faced by our structured finance lawyers
Latest from Structured Finance In Brief - Page 2
Slicing and dicing CRE Debt for the greater good of all
In the wake of the Global Financial Crisis (GFC), highly structured CRE debt transactions featuring multiple lenders and including a securitisation received a lot of criticism. There are myriad of justifiable reasons for this, but the chief complaint generally centred…
Bridge loans set to fuel the development of the European CRE CLO
Read time: 3 mins 40 seconds
One of the desirable features of a CRE CLO is the ability of the collateral manager to buy and sell loans at will or, going one step further, originate loans directly out of the…
Securitisation – time to put on its hero cape!
The last few weeks have proven to be a tumultuous period for the capital markets, and with it a stark (and painful) reminder has been duly delivered on the impact that they have on all aspects of business and the…
Securitisation type technology showing a glimpse of its mettle
Estimated read time: 2 minutes 45 seconds
It would be fair to say that when it comes to securitisation, I have always been very upbeat about the huge potential of this technology and the integral role that it can play.…
CMBS & CRE CLO – Heroes of the Future
Estimated reading time: 5 minutes
If the latest forecasts are true, then we will imminently be subjected to a long and deep recession and therefore now is the opportune time to draw comparisons against previous downturns and lessons learned. Indeed,…
India’s ECB market: long term downturn or short term blip?
Read time: 4 minutes
External Commercial Borrowings (ECBs) are commercial loans advanced to Indian borrowers in a foreign currency by non-India resident Lenders. Following the gradual relaxation of India’s tight external debt controls in the mid-1990s and early 2000s, ECBs…
CRE hedging – friend and foe
Read time: 5 minutes
For better or for worse, interest rate hedging instruments have an important role to play when it comes to financing commercial real estate (CRE). For the past decade or so, these products have enjoyed a relatively…
Russian Sanctions: Provision of corporate services and ‘indirect’ assistance
Read time: 2 minutes 30 seconds
On 8 May 2022, OFAC issued a determination (Determination) pursuant to Executive Order (E.O.) 14071 (issued on 8 April 2022), “Prohibitions Related to Certain Accounting, Trust and Corporate Formation, and Management Consulting Services,” prohibiting:
“The…
CRE CLO versus the old and outdated brush
When speaking to market participants and commentators about Europe’s first ever CRE CLO, more frequently than not there is an inference that the Starz Real Estate CRE CLO is the first since the global financial crises (GFC). This is certainly…