8000 Wisconsin Avenue, Bethesda, MD

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HSBC

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Eric Blumenthaldelete
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Date07/29/2021
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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  • Term Sheets Received
  • Executed Confidentiality Agreement Received
  • Detailed Discussions
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DEAL TRACKING COMMENTS
DateComment
08/04/2021HSBC have had a very pessimistic view of global real estate. Are now recalibrating to stagger loan maturities. Have a lot of loans maturing in the next few years. This has shut down their ability to do bridge type loans. Are very focused internally with existing loans and are trying to push out these loans with extensions. Once they accomplish their objectives they will be better positioned to do a lot of new business including different asset types. Time horizon is 1st quarter 2022. Challenge with construction loans is that they need $ funded and income from the funded $ to help the balance sheet. -- pwitham