In a recent interview with Private Debt Investor, Jack Gay, Global Head of Debt discusses the current cycle for commercial real estate (CRE) debt and why he believes investors should look to allocate to CRE debt versus other areas of private credit.
Other questions asked:
- How does lending risk differ between the U.S., Europe and APAC?
- There is talk about an impending funding gap as borrowers hit a maturity wall. Where are the main vulnerabilities?
- Where do you see the best opportunities right now for real estate debt?
- Many new players, particularly equity shops, are entering the real estate debt space. Is there enough deal flow to support so many players?
- How does the intensifying focus on the sustainability profile of assets alter lending risk?
- What does the spread environment look like heading into 2024?
- With the CRE equity market seemingly heading towards recovery, is this the time for CRE debt lenders to move up the risk curve?
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