Immo Gironde http://immo-gironde.com/ Sun, 18 Sep 2022 15:00:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://immo-gironde.com/wp-content/uploads/2021/05/immo-gironde-icon-150x150.png Immo Gironde http://immo-gironde.com/ 32 32 With $968m in loans, India overtakes China to become Sri Lanka’s top lender https://immo-gironde.com/with-968m-in-loans-india-overtakes-china-to-become-sri-lankas-top-lender/ Sun, 18 Sep 2022 15:00:47 +0000 https://immo-gironde.com/with-968m-in-loans-india-overtakes-china-to-become-sri-lankas-top-lender/

Overtaking China, India has become the largest bilateral lender to Sri Lanka by disbursing a total of $968 million in loans in four months of 2022, according to a media report.

Notably, with its predatory lending policy, China has maintained its position as the largest bilateral lender to Sri Lanka over the past five years. From 2017 to 2021, China disbursed approximately $947 million. Of the total amount loaned, $809 million was secured in the form of market loans from the China Development Bank, ANI reported citing the Daily Financial Times (FT) report. The report obtained data from public finance.lk.

Read also : Sri Lanka will not participate in any turf wars in the Indian Ocean: President Wickremesinghe

According to the report, the Asian Development Bank (AfDB) has been the largest multilateral lender for the past five years disbursing $610 million in 2021.

Read also : Ex-Sri Lanka Prez Maithripala Sirisena suspects 2019 Easter bombings that left 269 dead

India disbursed $377 million and AfDB disbursed $360 million. The collective amount was equal to 76% of the total disbursements that were made to the island country until April 2022, ANI reported quoting Daily FT.

Read also : India set to secure Lanka port rights

On the other hand, the Permanent Representative of India to the UN, Ruchira Kamboj, informed about the funds that have been provided to Sri Lanka. At a joint annual UNGA debate on the reports of the Peacebuilding Commission (PBC) and the Peacebuilding Fund (PBF), Ruchira Kamboj said that India had provided 4 billion of food and financial aid to Sri Lanka.

“In our immediate vicinity, we continue to help our good friend and neighbor Sri Lanka achieve food security by providing nearly $4 billion in food and cash assistance over the past few months,” Kamboj said.

On top of that, India handed over 21,000 tonnes of fertilizer to Sri Lanka in August. India’s High Commission in Colombo, Sri Lanka, in its tweet, viewed the step as an initiative to enhance friendship and cooperation between the two nations.

Since the arrival of the COVID pandemic, Sri Lanka has been grappling with its worst economic crisis with extreme inflation in the country due to fuel and food shortages. During the crisis, India has been at the forefront in helping the nation and providing economic assistance to Sri Lanka.

The country is also facing an extreme crisis in foreign exchange reserves which has reduced its power to import essential goods, including fuel and food. People witness constant power cuts and gasoline shortages in Sri Lanka.

(With ANI entries)

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Lower MA activity led to lower FDI inflows in FY22 https://immo-gironde.com/lower-ma-activity-led-to-lower-fdi-inflows-in-fy22/ Sat, 17 Sep 2022 11:23:12 +0000 https://immo-gironde.com/lower-ma-activity-led-to-lower-fdi-inflows-in-fy22/

Reserve Bank of India data showed that foreign direct investment (FDI) in India grew by 2% to $84 billion in 2021-22, however, the latest World Investment Report (WIR -2022) published by the United Nations Conference on Trade and Development (UNCTAD) presented a different perspective.

The UNCTAD report revealed that FDI inflows into India fell by 30% to $45 billion in 2021-22.

However, the difference between the RBI statistics and those reported by UNCTAD is due to the fact that the RBI data includes equity inflows and reinvested earnings, which are largely responsible for the record numbers and other capital.

If the comparisons are limited to equity inflows alone, RBI statistics show a drop of 1.4% to $58.8 billion in the last financial year. After all, gross FDI inflows are also one of the main reasons for the record number of divestments by foreign investors, which reached USD 27 billion in 2020-21 and USD 28.6 billion in 2021-22.

In 2020-21, for example, cross-border mergers and acquisitions (M&A) jumped 83% to $27 billion in ICT, infrastructure, health and energy, bringing overall FDI to $64 billion. . In 2021-2022, cross-border M&As fell 70% to $8 billion, which affected overall flows into the country. However, India still remains among the world’s top 10 recipients of FDI, according to the WIR report.

FDI highs and lows from FY 2017-18 to FY 2021-22 (Source: RBI)

The table above shows that FDI increased every year from FY 2017-18 to FY 2020-21. FDI recorded a massive growth in the 2020-21 financial year of 19.2% to reach $59.6 billion, compared to $50 billion the previous year. But the following year, FDI fell by 1.4%.

Why have FDI inflows decreased?

Experts say the immediate reason is that the major mergers and acquisitions (M&As) that have attracted FDI flows in recent years have not been repeated. One of the main reasons for the decline in FDI around the world was the Covid-19 pandemic which had halted many projects and investments.

Entries by country in India:

According to the recent RBI annual report, Singapore topped the list of top investors with $15.9 billion in fiscal year 2021-22, followed by the United States with $10.5 billion, and then of Mauritius with 9.4 billion dollars, Netherlands-4.6 USD. billion and Switzerland with $4.3 billion.

These were the top 5 investors in India in the financial year 2021-22. In contrast, Denmark and France are at the lowest with $0.3 billion each. And then Thailand, Luxembourg and Canada with 0.5 billion dollars of investments each.

Compared to the previous year, investment from Singapore increased from $17.4 billion to $15.9 billion and that from the United States to $10.5 billion from $13.8 billion.

However, investments from Mauritius increased from $5.6 billion to $9.4 billion. Additionally, investments from the Netherlands and Switzerland increased to $4.6 billion from $2.8 billion and $4.3 billion to $0.2 billion respectively.

Investment by country in India from FY 2017-18 to FY 2012-22 (Source: RBI)

Sector investment in India

The manufacturing sector attracted the largest inflows to India in the fiscal year 2021-22, which rose to USD 16.3 billion from USD 9.3 billion the previous year. Computer services came next with $9.0 billion, but fell significantly from $23.8 billion to $9.0 billion. Communication services increased $6.4 billion from $2.9 billion. Similarly, retail and wholesale trade was in fourth place with $5.1 billion. In addition, financial services increased from $3.5 billion to $4.7 billion.

While the commerce sector recorded no investment in the financial year 2021-22. Real estate activities attracted only $0.1 billion as in the last financial year, followed by the mining sector with $0.4 billion.

Sector entries in India from FY 2017-18 to FY 2021-22 (Source: RBI)

Factors Affecting FDI Inflows to India

Anitha Rangan, Economist at Equirus, says: “FDI investors are therefore long-term, unlike FII investors who may or may not be long-term. Therefore, the factors that influence FDI investors are more than pure investment considerations. investment in the sense that return on investment is paramount, ease of doing business, corporate governance and transparency play an important role.”

Rangan adds that a primary factor will be political and economic stability. “In the Indian context, although the latter is very positive, we are certainly improving the metrics of ease of doing business and governance and there is still a long way to go,” Rangan said.

However, according to Madan Sabnavis, Chief Economist, Bank of Baroda, “FDI is driven by two sets of factors. The first is the amount of available funds that investors need to place in various countries. Here, besides government policies, what matters is space in different sectors, as FDI is concentrated in specific sectors.

Experts note that India is a consumer-driven economy with a population of 1.4 billion and it is also relatively young and presents multiple opportunity in almost every sector. Investments are therefore necessary.

“Compared to the world, India is perhaps the fastest growing nation and on the front line to move from the fifth largest economy to the third. So FDI investment is a need of the hour and present a win-win opportunity for any investor to participate in India’s growth cycle,” says Rangan.

Will FDI increase in the coming quarters?

Rangan asserts that “the coming quarters will only see an increase in FDI”. She added that the world, especially the developed world, is likely to experience a recession or a flattening of growth.

“India is perhaps the only country with a strong growth trajectory and among Asian economies, India exhibits a stable political and economic framework,” Rangan said.

She further states that India’s consumption has led to growth while being the nation that has great potential to replace China as an exporting nation.

On the other side, Sabnavis says: “In my opinion, it will remain broadly in line with last year and be stable.”

What steps should the Indian government take to increase FDI?

Sabnavis suggests the government will need to work more on the ease of doing business to support FDI. At present, the permitted limits are not a problem, as almost the entire economy is open to FDI.

“The issues are more operational and some areas that can be looked at are bankruptcy, investment facilitation in terms of permits, etc. which vary by state and stable policy framework,” says Sabnavis.

Rangan shares a different view, saying that India lacks its R&D capabilities and its low R&D spending compared to developed and even developing countries is not a new premise.

Meanwhile, experts suggest that to attract investment, stakeholders will need to polish their ideas. The government encourages production in India through Make in India, One District One Product and PLI schemes. However, a similar enthusiasm, if shown towards R&D, can go a long way in eliciting and attracting FDI.


]]> Latest banking news, September 15, 2022 https://immo-gironde.com/latest-banking-news-september-15-2022/ Fri, 16 Sep 2022 19:32:06 +0000 https://immo-gironde.com/latest-banking-news-september-15-2022/

Chris Ratcliffe/Bloomberg

Credit Suisse Group has lost a pair of senior bankers to rivals. New York-based Daniel Cavalli is joining Morgan Stanley as chief executive, according to people with knowledge of the matter who asked not to be identified as details are private. Cavalli led the bank’s financial institutions and mergers and acquisitions coverage groups in Latin America, as shown in his LinkedIn profile. He joined Credit Suisse in 2000 after two years at Lehman Brothers. Amit Melwani, managing director of consumer and retail mergers and acquisitions, is joining Bank of Montreal, people with knowledge of the matter said. Melwani has had two stints at the Swiss bank since 2011 and was briefly director of mergers and acquisitions for Burger King of Restaurant Brands International Inc., as shown in his LinkedIn profile. Representatives from Credit Suisse, Morgan Stanley and BMO declined to comment. The struggling Swiss lender has lost several bankers in recent months to firms such as Truist Financial, which hired financial sponsors cover banker Hayes Smith, and Bank of America, which hired Prescott Johnson to broker energy and infrastructure. He also made up for some losses with hires including Maxence de Gennaro de Lazard. Credit Suisse board members have floated the idea of ​​giving senior bankers stakes in the investment banking industry, Bloomberg News reported last week. —Crystal Tse and Gillian Tan, Bloomberg News ]]> The metaverse real estate market will explode: Cryptovoxels, Linden Lab, Axie Infinity https://immo-gironde.com/the-metaverse-real-estate-market-will-explode-cryptovoxels-linden-lab-axie-infinity/ Fri, 16 Sep 2022 16:07:30 +0000 https://immo-gironde.com/the-metaverse-real-estate-market-will-explode-cryptovoxels-linden-lab-axie-infinity/

This press release was originally distributed by SBWire

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Axie Infinity (Vietnam), Cryptovoxels (Wellington), Decentraland Foundation (China), Linden Lab (USA), Somnium Space LTD. (UK), SuperWorld Inc. (USA), TandB Media Global Thailand Co. LTD. (Thailand), The Sandbox (United States), The Voxel Agents (Australia), Tokens.com (Canada).

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
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Overview, Definition and Classification of Metaverse Real Estate Market Drivers and Barriers
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Metaverse Real Estate Supply (Production), Consumption, Export, Import by Region (2021-2027)
Metaverse Real Estate Production, Revenue (Value), Price Trend by Type {}
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How feasible is the Metaverse real estate market for long-term investment?
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]]>
Economic Snapshot for the Week Ahead: Week of September 19, 2022 https://immo-gironde.com/economic-snapshot-for-the-week-ahead-week-of-september-19-2022/ Fri, 16 Sep 2022 15:42:16 +0000 https://immo-gironde.com/economic-snapshot-for-the-week-ahead-week-of-september-19-2022/

The following is an excerpt from S&P Global Market Intelligence’s latest Week Ahead Economic Preview. For the full report, please click on the “Download full report” link.

Download the full report

Three of the five largest economies will hold their central bank meetings this week, including the United States, Japan and the United Kingdom. Much attention is focused on the Fed after last week’s higher than expected inflation reading. Other planned central bank meetings include the Philippines, Indonesia, Hong Kong SAR, Switzerland, Brazil and Taiwan. The week will end with flash PMIs for the UK, US, Japan, Eurozone and Australia, which will provide a key indication of economic performance at the end of the third quarter.

US FOMC meeting returns as falling energy costs failed to offset soaring prices in other categories, meaning inflation held higher than expected at 8 .3%. Going forward, the Fed’s aggressive stance is likely to continue, with markets pricing in a third consecutive 75 basis point hike, although a 100 basis point hike is also on the table. Interest rates are expected to reach 4.25% by the end of 2022.

After being postponed due to the death of Her Majesty Queen Elizabeth II, the Bank of England meeting will take place for which markets will be eager to see the assessed impact of the energy price cap on projections for banking inflation. That said, the cap is unlikely to impact the bank’s immediate policy decision, for which markets are pricing in a 50 basis point hike. Unlike in the US, UK inflation figures came in below expectations due to falling fuel costs, leading to the first decline in the CPI on an annual basis for almost a year. However, inflation in the UK remains close to its highest level in 40 years, with rising food prices being a particular concern.

Flash PMIs will be eagerly awaited amid growing recession concerns. The latest IMI data released last week signaled that almost 80% of US investors fear a recession. The Flash PMIs will not only provide updates on demand, supply conditions and growth, but will also give an update on the inflation front. PMI price indices have retreated across the board in recent months amid easing supply delays and cooling demand, although they remain high by historical standards. Also keep an eye out for updated consumer confidence figures in Europe.

Finally, inflation figures from Japan will accompany the BoJ’s policy decision, while retail sales and inflation data from Canada will also be released.

Corporate earnings are under pressure amid economic slowdown and sustained inflation

The coming week will see updated flash PMI data for major developed economies, and as usual the focus will be on macro signals from the surveys in terms of GDP, output, employment and GDP. inflation. However, surveys can also provide powerful tools for understanding corporate earnings dynamics. By capturing changes in key business metrics such as sales, demand, pricing power, margins, and productivity, PMI surveys can provide very timely signals about underlying earnings and earnings trends, such as illustrated in the graph below for the United States.

This chart plots a simple composite earnings indicator taken from S&P Global’s PMI data for the United States against earnings per share growth momentum. The indicator, updated in this chart through August, currently points to the strongest downward pressure on earnings since the global financial crisis, excluding the first few months of pandemic lockdown. This reflects falling demand for goods and services, squeezed margins due to falling demand, falling productivity and a large reduction in pricing power, with supply outpacing demand for a large variety of products and services.

The advantage of the PMI is that earnings indicators such as those mentioned above can be compiled for each country and major market sectors, which makes the upcoming PMI data for September all the more important to watch. Find out more in our special report.

Calendar key events

monday september 19

Japanese Market Holiday / UK Market Holiday

Hong Kong SAR Unemployment Rate (August)

Construction output in the euro area (July)

NAHB US Housing Market Index (Sep)

tuesday september 20

Inflation in Japan (August)

Australian RBA Meeting Minutes

Swiss trade balance (August)

Job growth in Poland (August)

Spain’s trade balance (Jul.)

Inflation rate in Canada (August)

Building permits in the United States (August)

Wednesday, September 21

Australia Westpac Leading Index (August)

Consumer Confidence in the Netherlands (Sept.)

UK public sector net borrowing (August)

Eurozone ECB non-monetary policy meeting

FOMC Decision on US Fed Interest Rates, MBA Mortgage Applications (16/Sep), Existing Home Sales (Aug)

Decision on interest rates in Brazil

New Zealand Trade Balance (August)

Thursday September 22

Japanese BoJ Interest Rate Decision, Foreign Bond Investment (Sep)

BoE interest rate decision in the UK

Hong Kong SAR Interest Rate Decision, Inflation (August)

Business confidence in France (Sept.)

Eurozone ECB General Council meeting

Switzerland SNB decision on interest rates

Decision on interest rates in Taiwan

Philippines Interest Rate Ruling

Norway Norges Bank Interest Rate Inflation Decision

Decision on interest rates in Indonesia

Thailand’s trade balance

Canadian New Housing Price Index (August)

Continuing U.S. Unemployment Insurance Claims (10/Sep)

Flash on consumer confidence in the euro zone (Sept.)

friday september 23

Japanese Market Vacation

S&P Global Flash Global PMIs*

UK Gfk Consumer Confidence (Sep)

Netherlands GDP (Q2)

Singapore Inflation (August), Industrial Production (August)

GDP of Spain (Q2)

Swiss current account (T2)

Unemployment rate in Poland (August)

Retail sales in Canada (July)

* Index press releases produced by S&P Global and relevant sponsors are available here.

What to watch

Americas: FOMC meeting in the United States, PMI indices, housing data, unemployment insurance claims, as well as retail sales and inflation in Canada

The FOMC meeting is the highlight of the week, with the Fed set to announce another big hike. Markets are pricing in another 75 basis point addition to the fed funds rate. Expectations on the pace of further increases could, however, be affected by the flash PMI indices, which indicated a marked slowdown in activity in August. Also watch housing market data, including the NAHB index, which has weakened in recent months, and building permits data – where forecasts point to a third monthly contraction.

In Canada, retail sales and inflation will provide an update on the impact of recent aggressive rate hikes by the Bank of Canada. Retail sales growth eased last month, while lower gasoline prices eased some price pressure.

The Central Bank of Brazil is also expected to implement another hike. The selic rate is currently 13.75%.

Europe: UK and Eurozone PMI and Consumer Sentiment, Spain and Netherlands Q2 GDP

The final second-quarter GDP readings for Spain and the Netherlands will be revealed on Friday, but it’s September’s more up-to-date flash PMIs for the UK and the euro zone that will attract the most interest, as well than data on consumer confidence. The latter is likely to indicate weak consumer sentiment amid the current cost of living crisis. From a policy perspective, the Bank of England will inevitably hike aggressively again, but the rhetoric will be closely watched amid growing signs, including the PMI, of a potential recession.

Asia-Pacific: BoJ meeting, inflation data from Japan and Singapore, plus Hong Kong SAR policy rate

Inflation figures in Japan and Singapore are likely to remain elevated. A central bank policy decision in Japan accompanies the inflation update, and the BoJ is expected to keep interest rates ultra-low despite inflation exceeding the target rate by 2% (2.6% in August). Meanwhile, in Singapore, inflation is expected to be above trend between 5% and 6% this year, with data from last month pointing to a 7% rise. This increases the likelihood of monetary policy tightening in next month’s review.

While last month’s 25 basis point hike by Bank Indonesia (BI) went against polls, this month a second consecutive hike is expected as part of efforts to maintain the inflation under control. Its southeast counterpart – the Philippines – is likely to see a 50 basis point rise, with the Bangko Sentral ng Pilipinas (BSP) expected to maintain its hawkish tone.

Special reports:

United States – Chris Williamson

© 2022, IHS Markit Inc. All rights reserved. Any total or partial reproduction without authorization is prohibited.


Purchasing Managers’ Index™ (PMI™) data is compiled by IHS Markit for over 40 economies worldwide. Monthly data are drawn from surveys of senior executives of private sector companies and are available by subscription only. The PMI data set includes a headline figure, which indicates the overall health of an economy, and sub indices, which provide insight into other key economic drivers such as GDP, inflation, exports, l utilization, employment and stocks. PMI data is used by finance and business professionals to better understand where economies and markets are going and to uncover opportunities.

Learn more about PMI data

Request a demo


This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.

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Is interest on personal loans tax deductible? | Personal loans and advice https://immo-gironde.com/is-interest-on-personal-loans-tax-deductible-personal-loans-and-advice/ Fri, 16 Sep 2022 14:27:00 +0000 https://immo-gironde.com/is-interest-on-personal-loans-tax-deductible-personal-loans-and-advice/

You can use a personal loan for many useful purposes, but borrowing money can be expensive. To keep costs down, you might be wondering: is personal loan interest tax deductible? The answer depends on how you spend the funds.

Here’s what you need to know about deducting interest on personal loans from your taxes — and what happens to your taxes when you don’t repay the full amount you borrowed.

When can you deduct loan interest from your taxable income?

The interest you pay on mortgages, student loans and business credit products is tax deductible, with certain limits.

There are, however, instances where you can deduct interest on personal loans. If you used the money for any of the following purposes, a tax deduction may be possible. Keep in mind that personal lenders may prohibit borrowers from using funds for these purposes, and there may be better financing options.

Company. If you used the funds for business expenses, you can usually deduct the interest. “You just have to specify that the loan was for this purpose and not for your personal expenses,” explains Babener. Sole proprietors can take advantage of this. “Maybe you’re a painter, walk pets, that sort of thing. You can take out a loan, based on your personal credit, to buy what you need for your business.”

Education. You may be able to deduct the interest on a personal loan when you use the money to eligible education expenses, such as tuition fees. But many personal lenders don’t allow borrowers to use the funds to cover post-secondary education, and student loans are better suited for that purpose.

Investments. You may also be able to deduct interest on a personal loan if the money purchased taxable investments such as stocks, bonds, and mutual funds. You will use the IRS Form 4952 to calculate the amount of investment interest you can deduct.

How do tax deductions work?

A tax deduction is a simple subtraction. Each deduction allows you to reduce your taxable income so you will be taxed on a lower figure. Interest deductions are more relevant to consumers claiming itemized deductions on their taxes.

The higher the interest rate and the longer the term, the more overall interest you will pay on a personal loan. The prospect of a personal loan interest tax deduction is attractive when the goal is to save money. But be sure to stick to the letter of the tax law when pursuing deductions.

“You don’t want to get a letter from the IRS because you wanted a $2,000 tax deduction that you weren’t entitled to,” says Paul Miller, CPA at Miller & Co. in New York. “Tax returns have a three-year retention period, but if there is fraud, there is no statute of limitations. There are many legal deductions. Cheating is not the only one to choose .”

Miller advises a conservative approach and checking with a CPA to make sure you’re doing everything right.

Can you be taxed on personal loan funds?

As you consider cutting costs, be aware that there is a situation where you will usually have to pay taxes on your loan proceeds. If the lender forgives or cancels all or part of the debt, the IRS may consider the income of the portion canceled.

Therefore, you may feel relief when you no longer have to make the payments, but you should be prepared for a higher tax bill.

The IRS expects you to report the canceled debt on your tax return for the year the cancellation occurred. You will most likely receive the IRS Form 1099-C from the lender, indicating when the debt was canceled and how much you no longer owe. So if you took out a $10,000 loan and the lender returned half of it, $5,000 can be considered taxable income.

How to save money on your personal loan?

Ultimately, you’ll want to borrow only the amount you need, get the lowest interest rate possible, and arrange to pay off the loan on time or sooner. This way you can minimize the amount of interest you pay. If you want to prepay your loan, check to see if your lender charges a prepayment penalty.

And if you’re able to deduct the interest because it really does qualify, do so. “You want to get as many deductions as possible so that you can effectively take advantage of tax laws to legally reduce your income tax,” says Gregg Munn Jr., Certified Financial Planner and Certified Public Accountant at Sax Wealth Advisors, headquartered in Sax Wealth Advisors. in New Jersey.

]]> Credit Suisse funds CLOs in a bet on Wobbly Real Estate in the UK https://immo-gironde.com/credit-suisse-funds-clos-in-a-bet-on-wobbly-real-estate-in-the-uk/ Fri, 16 Sep 2022 10:58:12 +0000 https://immo-gironde.com/credit-suisse-funds-clos-in-a-bet-on-wobbly-real-estate-in-the-uk/

(Bloomberg) – Credit Suisse Group AG is funding a foray into a niche in the debt markets used to finance property at a time when UK property is under pressure from rising interest rates.

The Swiss lender will provide Aeon Investments Ltd with up to £900 million ($1.02 billion) to help consolidate the loans and issue secured bonds against them, known as collateralized loan bonds. commercial real estate, Aeon co-founders Oumar Diallo and Ben Churchill said in an interview.

The combined transactions, financed by Credit Suisse’s three-year revolving line of credit, will be the largest of their kind seen in Europe to date. A Credit Suisse spokesperson declined to comment when contacted by Bloomberg.

UK property, like other property markets in the developed world, is in flux as a decade-long bull market, fueled by rock-bottom interest rates, reverses amid recession fears . Stocks and bonds of property companies have sold off strongly this year as investors weigh the impact of an economic slowdown triggered by rising borrowing costs and an energy supply crisis.

Some investors cherish the better yields and protection against rising interest rates offered by floating rate securities, while others warn of the higher risk of default as economic conditions deteriorate.

For its part, Aeon says it is counting on strong demand for newer office space with the best environmental credentials as UK businesses assess their workspace needs in the wake of the pandemic.

The batch of three CRE CLOs that the company plans to issue from 2023 will finance medium-sized projects across England and Wales, including offices, industrial units, warehouses and also properties commercial buildings, as well as buildings in need of upgrading, according to Diallo and Churchill.

Right moment

“For all of these pockets of value, we thought it was an opportune time where we could capture a premium on the revenue side, without increasing risk if loan selection and underwriting were careful,” Diallo said.

That’s thanks to their shorter duration and limited drawdowns, according to The Duy Nguyen, Senior Portfolio Manager, Head of Secure Funding Strategies, AXA Investment Managers.

While credit market yields have fallen across the board this year, European investment-grade bonds for asset-backed securities are down around 1.6% for the period, according to data compiled by Bloomberg. . In contrast, investment-grade corporate bonds plunged more than 12%, according to a Bank of America Corp index.

As European real estate is squeezed, the CRE CLO structure offers more flexibility than commercial mortgage-backed securities, a more traditional financing tool, said Iain Balkwill, partner at law firm Reed Smith LLP, which has worked on Europe’s first CRE CLO last year.

While a CRE CLO aggregates a bunch of loans, a CMBS can have as little as one large mortgage backing a deal. The securities structure also gives managers more control because they can make capital injections and swap loans in response to market conditions.

For example, “a CRE CLO is unlikely to have 100% hotel exposure,” said Pranava Boyidapu, European mortgage analyst at Barclays Plc.

While CRE CLOs are still rare in Europe, their use is growing in the United States, where around $45 billion worth of securities were issued last year, according to Bloomberg data.

This is more than five times the total seen in 2020, hit by the pandemic. By contrast, Europe has so far seen only one such deal – a Starz Real Estate deal late last year worth £220m (£254m). dollars), which was organized by Credit Suisse.

Economic shock

U.S. investors have been reassured by how CRE CLOs have weathered the economic shock of the pandemic with delinquency rates rising far less than for CMBS in 2020, said Anuj Jain, strategist at Barclays Capital Inc. in New York. Delinquencies for CRE CLOs peaked at 3.1% in 2020, compared to a level around three times higher for CMBS, according to Barclays Research.

“They realized these managers had experience navigating this environment,” he said.

A challenge facing the market in Europe is the relative scarcity of CRE loans that could underpin new products and provide them with greater liquidity, Boyidapu said.

“More CRE CLOs would improve this and the two markets would grow together,” she said.

Aeon will work with lending platform WayPark Capital, private bank Arbuthnot Latham & Co Ltd. and specialist SME finance platform Assetz SME Capital Ltd to manually originate and underwrite new loans, while looking for opportunities to buy back credits on the secondary market.

“We are actively pursuing a number of opportunities where performing portfolios are offered by banks and originators looking to either exit commercial real estate lending or de-risk their books,” said Aeon’s Churchill. .

(A previous version incorrectly quoted the Aeon CLO funding amount in euros rather than sterling in paragraph 2.)

(Adds comment from The Duy Nguyen)

©2022 Bloomberg LP

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Take a look inside Aspen’s rental on ‘Real Housewives’ https://immo-gironde.com/take-a-look-inside-aspens-rental-on-real-housewives/ Thu, 15 Sep 2022 14:16:24 +0000 https://immo-gironde.com/take-a-look-inside-aspens-rental-on-real-housewives/

You can sit on the velvet section where the “Real Housewives of Beverly Hills” stars perched on their dramatic trip to Aspen, CO.

The house where some of the cast members stayed is available to rent, but be prepared to pay dearly for the privilege.

“This is one of the most exclusive homes in Aspen and is in a beautiful location easily accessible to town and the trail system,” says Heather Sinclairmanaging partner of The Agency, the company that rents the property for the astronomical sum of $12,500 per night, or $200,000 per month.

“It was inspired by a luxury hotel in Switzerland, so the house itself is very unique in the sense that it’s personalized from start to finish. Everything was tailor-made for this property,” she says.

Living room

(William Abranowicz)

Kitchen

(William Abranowicz)

Dramatic dwelling

The owner uses the six-bedroom, eight-bathroom retreat, but it’s often rented out to people looking for a great mountain getaway. There is sleeping space for 14 people.

The show’s producers called a while ago when they were looking for a suitable vacation rental for the “Real Housewives” cast, Sinclair says.

“They tried to make their trip to Aspen a year ago, and with COVID they just couldn’t make it. I recommended this particular property to them from day one, and it was their favorite from the start.”

The 6,750 square foot residence is close to the mountain condo that the actor Kyle Richards recently sold.

On the “Real Housewives” trip, Erika Jayne, Lisa Rinaand Kathy Hilton stayed with Richards during her getaway to Aspen.

Since there wasn’t enough room at Richards’ residence, Dorit Kemsley, Garcelle Beauvais, Sutton Stracke, Crystal Kung Minkoffand Sheree Zampino stayed for rent. The episodes were taped in January.

“It was a no-brainer. I mean, it was supposed to be filmed for the ‘Real Housewives’. It’s just a very sexy Aspen house,” Sinclair says. photograph very well.”

Velvet interiors

(William Abranowicz)

Dining area

(William Abranowicz)

Theatre room

(William Abranowicz)

An elevator connects all three levels, and the open layout features high ceilings and plenty of windows to take in mountain views.

“It has great spaces for entertaining. The kitchen is nice and big. The living room has a tailored velvet cut. The bar was in quite a few scenes, and there was the word “Aspen” in the background. You could be in a pavilion, or you could be in a nightclub. It looks very private and exclusive,” Sinclair says.

Bedroom

(William Abranowicz)

Bathroom

(William Abranowicz)

Luxurious rental

“The ideal tenant for this property is someone who loves Aspen and appreciates the style and design of the home,” Sinclair said. Each bedroom is en-suite, so guests will have a hotel-like experience.

Sinclair says she listened to episodes of the reality show that were filmed in Aspen.

“It’s all about the house,” Sinclair says of the reality TV episodes that were filmed in Aspen. “The house is the star of the show. I think the house is built for entertaining, and it’s clear the ladies really enjoyed their time there.

And while there was some drama during their trip, it wasn’t the house’s fault.

“The house didn’t cause the drama,” Sinclair says. “It’s an amazing backdrop, unlike anything else in Aspen.”

So, the moral of the story: if you’re going to have an epic fight with your friends, you might as well do it in a fancy space.

Lisa Hatem is the listing agent for the property. And Richards’ husband, Mauricio Oumanskyis the founder and CEO of The Agency.

window wall

(William Abranowicz)

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Online lending market looking for excellent growth: Lending Club, Upstart, Funding Circle, Prosper https://immo-gironde.com/online-lending-market-looking-for-excellent-growth-lending-club-upstart-funding-circle-prosper/ Mon, 12 Sep 2022 01:28:37 +0000 https://immo-gironde.com/online-lending-market-looking-for-excellent-growth-lending-club-upstart-funding-circle-prosper/

This press release was originally distributed by SBWire

New Jersey, USA – (SBWIRE) – 11/09/2022 – The latest published study of the Global Online Lending Market by AMA Research assesses the market size, trend and forecast to 2027. Online Loans Market research covers important research data and evidence to be a handy reference document for managers, analysts, industry experts and other key people to have a study ready to access and self-analyzed to help understand market trends, growth drivers, upcoming opportunities and challenges and about competitors.

Key players in this report include:
Upstart (US), Funding Circle (UK), Prosper (US), CircleBack Lending (US), Peerform (US), Lending Club (US), Zopa (UK) ), Daric (USA), Pave (USA), Mintos (Latvia).

Download Sample PDF Report (including full TOC, Table and Figures) @ https://www.advancemarketanalytics.com/sample-report/79605-global-online-loans-market#utm_source=DigitalJournalLal

Definition:
The online loan is a real estate loan which is now not without delay from a usual bank. Many online lenders are called an online lender because they are an alternative to a common bank. The period was used to understand savings banks, authority loans and various deposits that are structurally comparable to loans from financial institutions but come from or through a specific source. Online lending has frequent and profitable modes that encompass credit trails, peer-to-peer programs, factoring, SBA loans, service provider cash advances, and working capital loans. With online loans, you now have more alternatives than ever. However, people have their worries about online loans because they fear for the security and legitimacy of the companies. Just like anything, it’s essential that you make sure that the online lender you choose to work with features a tightly closed operator and presents the mortgage they advertise.

Market trends:
Demand for short-term online loans continues to grow at an increasing rate

Market factors:
Flexible repayment – Many online loan apps offer flexible repayment plans to make loan repayment easier and more convenient
Growing awareness of online lending among the population

Market opportunities:
Increase in the number of online transactions
Comparison of loan facility provided by different online banks

The Global Online Lending Market Segments and Market Data Breakdown are illustrated below:
by deployment mode (on-premises, cloud-based), loan (car loan, gold loan, personal loan, education loan, others), end users (individuals, businesses), loan duration (up to 1 year, 2-3 years , More than 3 years)

The Global Online Lending Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.

You have a question ? Market Inquire Before Buy @ https://www.advancemarketanalytics.com/enquiry-before-buy/79605-global-online-loans-market#utm_source=DigitalJournalLal

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– -To carefully analyze and forecast the Online Loans market size by value and volume.
– -To estimate the market shares of the main online lending segments
– -To present the development of the Online Loans market in different parts of the world.
– -Analyze and study the micro markets in terms of their contributions to the Online Lending market, their prospects, and individual growth trends.
– -Offer accurate and useful details on the factors affecting the growth of online loans
– -To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Online Lending market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

Buy Now Full Online Lending Market Assessment @ https://www.advancemarketanalytics.com/buy-now?format=1&report=79605#utm_source=DigitalJournalLal

Main highlights of the table of contents:

Online Loan Market Research Coverage:
– It includes major manufacturers, emerging player’s growth story and major business segments of Online Loans market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Online Lending Market: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, together with macroscopic pointers.
– Online Loans Market Production by Region Online Loans Market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other factors vital.
– Key points covered in the Online Lending Market report:
– Overview, Definition and Classification of Online Loans Market Drivers and Barriers
– Online Loans market competition by manufacturers
– Analysis of impact of COVID-19 on the online lending market
– Online Lending Capacity, Production, Revenue (Value) by Region (2021-2027)
– Online Loan Supply (Production), Consumption, Export, Import by Region (2021-2027)
– Online Loan Production, Revenue (Value), Price Trend by Type
– Online Loans Market Analysis by Application
– Online Loans Manufacturers Profiles/Analysis Online Loans Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy & Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Summary & TOC @ https://www.advancemarketanalytics.com/reports/79605-global-online-loans-market#utm_source=DigitalJournalLal

Answers to key questions
– How feasible is the online loan market for long-term investment?
– What are the factors influencing the demand for online loans in the near future?
– What is the impact analysis of various factors on the growth of the global Online Lending Market?
– What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

For more information on this press release, visit: http://www.sbwire.com/press-releases/online-loans-market-seeking-excellent-growth-lending-club-upstart-funding-circle-prosper -1363481.htm

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Kennedy: The student loan crisis is eroding the middle class https://immo-gironde.com/kennedy-the-student-loan-crisis-is-eroding-the-middle-class/ Sun, 11 Sep 2022 05:22:55 +0000 https://immo-gironde.com/kennedy-the-student-loan-crisis-is-eroding-the-middle-class/

The hotel manager with a doctorate in geology.

The airline customer service agent with a master’s degree in public administration.

The ski resort recruiter with a bachelor’s degree in environmental studies.



And countless others with a college education and high student loans, but who are unable to find work related to their degrees, so they take jobs in customer service.

The common point ? An American economy without a recognizable middle class. The country must restore, strengthen and solidify a new middle class. This is vital for various economic and political reasons. One of the main benefits is solving the student debt crisis.



This is achievable in part by effectively raising taxes and then distributing the collected revenue across certain vital key economic sectors, and turning into action a long-discussed collaboration between the academic community and the private/public sectors.

There is some momentum building towards solving the country’s student loan problem. It’s a problem that affects 45 million people with a combined debt of $1.6 trillion.

Forgiving student loans misses the point. The Biden administration’s Aug. 24 decision to pardon up to $20,000+ and extend Covid forbearance through December is laudable. But that doesn’t get to the roots or provide a viable starting point for solving the real problem behind the student loan crisis.

Many students have borrowed five- or six-figure student loans to find work in their field of study. They did not take loans for the educational experience. Students did not pursue their studies to enter a service-based economy. The loans were accepted in the hope of reaching the middle and upper classes.

A common argument, especially from members of the silent generation, is that many students fail to find work in their fields of study. The argument is plausible to some degree, especially in the fields of social science, business, and art. There are often more applicants than positions (not necessarily in engineering and medicine, where the situation is reversed). And yet, it has become increasingly difficult for most college students to find work outside of customer service over the past decade.

The solution to the crisis isn’t to forgive student loans—it’s to create solid jobs for the middle class; positions that pay enough for students to pay off loans, own homes and raise families. Currently? These positions are far and rare between the two.

A strong middle class involves no-minimum/no-duty, middle/upper five-figure paying positions that allow students to repay their loans. It currently does not exist.

This is a task that I am not convinced Washington is ready to pursue because it may be politically costly in the short term, but with medium and long term benefits. It is an approach involving raising taxes and ensuring that the revenues generated are effectively allocated to projects that incentivize non-tertiary sector businesses to create viable jobs for the middle class.

A second approach involves collaboration between academia and the private sector. The idea involves colleges and universities working with non-government employers to ensure students gain skills/experiences that are appealing to employers. It is also about simultaneously equipping students with traditional academic skills.

Critics of the lawsuit argue that trade schools provide the aforementioned training. A trade school education is not attractive to students interested in biology, business, or sociology (for example). Trade schools provide the skills needed for plumbing, auto mechanics, electrical, cyber or other related fields – not the various non-technical and medical fields that many students are interested in.

The discussion between the university and the private sector began shortly after the start of the Great Recession. The idea, however, has not been developed, except by a small group of colleges/universities. This is a discussion that must turn into action on a national scale. The results would benefit the academic and private/public sectors.

The student debt crisis is not about racial inequality, as some Washington policymakers claim. It is not a free handout, as many people without a college education claim.

It’s about reinvigorating a sector of Americana that existed until the Great Recession. The middle class has driven America’s financial and industrial base for decades. It was an essential component of the American dream.

The crisis is about recreating, re-establishing and consolidating an aspect of Americana that encourages students to take out thousands of dollars in student loans. A new, stronger and more sustainable middle class can re-emerge, but not without some short-term political difficulties, but with medium/long-term benefits – benefits that thousands of student loan holders (including author who owes student loans himself, and has only found work in the customer service field).

Matthew Kennedy holds an MA in Diplomatic Studies from the University of Westminster in London.

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