You are not alone:

  • In Europe over 1 trillion euro of real estate loans has to be refinanced over the next 5 years
  • Senior loan pricing has increased substantially during the last 5 years with loans now priced at 250 – 400 bp over Euribor depending on the LTV and the type of real estate (INREV, October 2012)
  • Finance conditions are not becoming easier (EPRA chairman Groener, September 2013)
  • Many property companies have very high leverage. These huge debt positions could impact the cost of capital.
  • Biggest challenge is to make yourself flexible.