Peachtree CEO, CRE가 프라이빗 크레딧으로 전환에 대해 이야기하다
피치트리 (Greg Friedman) 피치트리 (Greg Friedman) CEO가 'The Exchange'에 참석하여 상업용 부동산 민간 신용 대출의 증가 추세와 상업용 부동산에 대한 은행 직접 대출 철회로 인해 민간 채권자가 혜택을 누릴 수 있는 방법에 대해 논의합니다.
Wall Street Journal | Credit shops frequently originate loans with higher financing levels than banks use, which translates to greater risk of default and loss, according to Moody’s. The sector is also lightly regulated and many private-credit firms have relatively short track records. Many didn’t exist when the 2007 subprime mortgage market meltdown triggered the global financial crisis that extended into 2009.
With fewer regulatory restrictions than banks, private-credit lenders can be more nimble in meeting market demands and borrowers’ needs, said Greg Friedman, the chief executive of Peachtree Group, an investment firm that makes commercial real-estate loans.
“Banks tend to be more reactive to historical performance, whereas private credit tends to be more proactive on the future outlook of the performance of the asset, and so risk can be viewed differently,” he added.
The typical loan-to-value ratio for the average bank loan backing a commercial property ranges from 50% to 65%, Friedman said. But the average ratio for private-credit loans runs from 60% to 75%, he said.