Interest rate cap execution checklist

We are often asked what we are seeing with respect to ESG terms or provisions in financings, derivatives, investment vehicle structures, etc. While a tremendous amount of attention is being allocated to ESG broadly across the global real estate markets, there is a wide variance of approaches,...

The sharp rise in interest rates in the last few weeks has shone a light on the risk of returns being eroded as the cost of debt assumed in an investment decision is now substantially higher than the original investment case. It has also led borrowers to look ahead to upcoming refinancings and...

The global inflation story has captured the headlines as we emerged from COVID-19 lockdowns and economies reopened. There are different measures of inflation, showing different trends over different measurement periods. This piece considers the key market inflation measures and discusses how this...

These hairy chart graphs plot past LIBOR forward curves against the actual path LIBOR followed, showing that the forward curve has been a somewhat accurate predictor over the next six months or so...

As the date for the final GBP LIBOR fixing nears, the work from the banking and advisory community to transition all outstanding contracts from LIBOR to the new RFR is gathering momentum. We have previously published articles on the background to the transition and how borrowers should prepare....

As we wind down on summer 2021, many Americans are returning to the office and sending their children back to school. We recently reviewed the effects of COVID-19 on the U.S. economy and takeaways for the real estate market during our semiannual market update webinar. On September 15,...

It’s back-to-school month for most children, and back to the office for an increasing number of workers too. What better time to host our semiannual market update webinar for real estate? On 15 September, participants listened to our experts, Adrian Ng and Jamie Macdonald, provide an overview of...

Jerome Powell’s speech at the 2021 Jackson Hole symposium brings the market one step closer to a taper of quantitative easing. Shortly after the COVID-19 pandemic hit the U.S. in early 2020, the Federal Reserve slashed short-term rates to zero and began purchasing assets at a rate of $120 billion...