Summer 2025 Lending Outlook: Navigating the Debt Landscape in Operational Real Estate
This article appeared in the Summer 2025 edition of Recovery magazine and is reproduced with the permission of R3 Association of Business Recovery Professionals, and the publisher Klarents Media.
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As the UK lending market continues to evolve in the wake of economic turbulence, the operational real estate sector finds itself at a pivotal juncture. In this article, Stephen Jacobs, Director of Bank Support and Business Recovery at Christie & Co, explores the shifting dynamics of debt funding, the growing role of alternative lenders, and the challenges facing SMEs amid rising costs and refinancing pressures. With traditional lenders remaining cautious and the cost of capital still elevated, Jacobs outlines the critical factors influencing lending decisions in 2025, and the opportunities emerging for restructuring professionals and investors alike.