Core investors like insurers and private equity houses are becoming more willing to provide financing in the larger, stable markets of Western Europe, but Spain remains an exception, Jesus Varela, partner and head of Real Estate Spain at law firm Salans told the PropertyEU Debt Finance Investment Briefing at Expo Real. ‘In terms of senior debt, the origination to distribution game over. We’re not seeing any new syndication or loans in Spain. There’s no room for new lenders,’ he noted.
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