China's Evergrande and Vanke are facing financial troubles as liquidators appoint legal advisers and bond trustees seek to liquidate the companies. Lenders are negotiating with borrowers to extend debt maturities amid concerns over high loan-to-value ratios in the real estate sector.
Let’s say you’re looking to buy a real estate deal and want to use a community bank for the financing These lenders will be looking to make sure you satisfy 5 main requirements in order to fund your deal: The 5 lender requirements are: - within “the deal itself” 1. DSCR at or…
Lenders negotiating with their CRE borrowers, but realizing their loans are now 130% LTV so they decide to extend and pray these borrowers a third time into 2025 https://t.co/U6XaJlh6Ak
DTI, DCR, LTV, PFS, SREO, LMNOP…..???? Rule of Thumb for Private Lenders: -If worst thing that can happen is borrower pays, then make the loan. https://t.co/G7VX6q3c7G
DTI, DCR, LTV, LMNOP….. Rule of Thumb for Private Lenders: -If worst thing that can happen is borrower pays, then make the loan. https://t.co/lYy1CdLb3F
The trading of Vanke's 2027 due 3.7% onshore bond was halted before a 20% jump in the afternoon. #China #Vanke #property https://t.co/qM6hYFVi3X
Bond trustee becomes new petitioner to liquidate China developer Kaisa https://t.co/GD9gLxxqGG https://t.co/BJ3Mx1rP3I
China Evergrande liquidators appoint legal advisers, sources say https://t.co/2uvmogCoxE https://t.co/DwVJCO1jRH
Fresh from me today: China Evergrande liquidators appoint legal advisers, sources say https://t.co/MxtfMUKt7O
⚠️ CHINA EVERGRANDE LIQUIDATORS APPOINT LEGAL ADVISERS, SOURCES SAY Full Story → https://t.co/zdyoHfh98X China Evergrande's liquidators have hired three law firms to advise on the troubled property giant's winding-up process, according to sources with direct knowledge of the… https://t.co/zkCqntaylm
⚠️ BOND TRUSTEE BECOMES NEW PETITIONER TO LIQUIDATE CHINA DEVELOPER KAISA Full Story → https://t.co/4pVLZfWc6g A Hong Kong court adjourned a hearing to liquidate Chinese property developer Kaisa Group to April 29 after a bond trustee, instructed by a major group of dollar… https://t.co/KicMRb4mY4
There are 3 main debt metrics in real estate: 1. Debt Service Coverage Ratio (DSCR) 2. Loan to Value (LTV) 3. Debt Yield Here’s how to view each from both a buyer’s perspective & a lender’s perspective: // DSCR // Definition: The DSCR is the ratio between the net operating…
The Lehman liquidators taking on China’s Evergrande https://t.co/V7OTZyZUWW Why offshore bondholders shouldn't expect much... Beijing will likely absorb all value that is onshore.
CHINA #VANKE, INSURERS DISCUSS OPTIONS FOR PRIVATE DEBT SOLUTION.
The Lehman liquidators taking on China’s Evergrande https://t.co/WbLqYGFEd3
Reorg reported exclusively that the company is negotiating with certain lenders, mostly insurance companies, in an effort to extend the near maturities of its non-standard debt. https://t.co/ObRw5ynYgX #distresseddebt https://t.co/q3gmW7cXZD