20.05.2011 - European mezzanine real estate debt market maturing
The mezzanine real estate debt market in Europe is maturing, driven by increased lender competition and pricing stabilization, which should generate greater activity in 2011 and beyond according to a new report by CB Richard Ellis. At the height of the crisis, expecting a surge of distress, lenders sought opportunistic returns of 20%-25% for providing mezzanine financing on core assets in prime locations. At this time, over 100 potential participants expressed interest in the market..............................................Full Article: Source
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