Irish lender Permanent TSB Group Holdings Plc has hired Morgan Stanley to sell its commercial real estate and subprime residential mortgage loan books, which have a combined face value of approximately €2.6bn. Most of the loans are non-performing and are... Read More
A new type of lender is stepping forward in the commercial property market. As the market begins to expand from traditional areas of strength, such as London and Frankfurt, to other markets, non-traditional lenders are offering funding to investors. An... Read More
Officials at the Bank of England have raised concerns about the relaxation of lending rules in the commercial property market, according recent minutes from its financial markets watchdog. The minutes from last month's meeting of the Financial Policy... Read More
The bridging loan specialists Montello has launched a new £250m fund aimed at providing short term loans and backing for commercial development projects. London-based Montello, which has an established track record as a real estate lender in the UK,... Read More
A report designed to prevent the UK’s financial stability being threatened by a future commercial property market downturn has been issued. The document comes from the Real Estate Finance Group (REFG) – a body comprising leading industry figures – and... Read More
Wells Fargo, the fourth-largest bank in the United States and its largest mortgage provider, has achieved Q2 earnings of $5.52 billion, representing an increase of 20 percent over the previous quarter. The bank has now decided to use some of this... Read More
