Jackie Bowie discusses the dilemma facing office investors looking to refinance in the Financial Times
Jackie Bowie in the Financial Times
“If there’s just no availability to refinance at the level they are looking for, it might not be your decision anymore.”
Some owners are likely to be forced by lenders to dispose of their offices in the coming months as loans mature and they struggle to refinance their debt because of rising rates, analysts add. For the first time, a Dubai-based property developer will buy London office space — snapping up the properties at bargain prices. The company will target prime areas, including Mayfair, Victoria and Canary Wharf and favours locations where planning permits are easier to secure.
Our interest rate risk expertise
Interest rate risk can be an important factor in the performance of a single real estate asset or a portfolio of properties. Chatham’s interest rate risk management advisory services offer the expertise and knowledge you need to make informed decisions about the type of debt you use and how you manage the interest rate risk associated with that debt, whether it’s risk on current floating-rate debt, refinance risk on fixed-rate debt, or risk on prepayment penalties.
With Chatham on your side, you can be confident that you’re getting the best possible terms, while maintaining the integrity of your all-important banking relationships. We provide complete guidance on strategy and execution, along with access to tools for monitoring the hedge for the life of the transaction.
Our highly experienced professionals, supported by industry-leading technology, ensure the best pricing, maximize transparency, and offer you insights into market trends.
Our featured insights
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Financial risk management serving commercial real estate since 1991
Chatham Financial is the largest independent financial risk management advisory and technology firm. A leader in debt and derivative solutions, we provide access to in-depth knowledge, innovative tools, and an incomparable team to help mitigate risks associated with interest rate and FX exposures.
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GlobeSt talks to Andrew Thornfeldt about the historical accuracy of the forward curve
In a Chatham webinar, 60% of attendees answered that they use the forward curve to project future interest rates. Andrew Thornfeldt told GlobeSt.com why they may be overestimating their costs if they rely on just the forward curve to make their debt and derivatives decisions.
Key takeaways: Semiannual Market Update webinar for real estate
On February 9, Chatham held our Semiannual Market Update webinar for real estate, presented by Matt Hoffman and Jackie Bowie. There was a macroeconomic update covering the U.S., U.K., and Europe, a discussion on hedging considerations and strategies, and a brief update on the IBOR transition. In...