FinLoop Analytics supports AEW Research's analysis of refinancing, loan pricing and Europe's debt funding gap
FinLoop Analytics is proud to announced that AEW Research drew on FinLoop's anonymized, loan-level European CRE dataset in preparing its AEW Research | Europe Monthly Report — October 2025, titled "Back-Leverage Helps Bridge the Debt Funding Gap".
AEW's October edition examines key debt-market topics including the continued refinancing challenge—particularly for offices and French collateral—and the role of back-leverage in bridging funding needs. The report also tracks trends in all-in borrowing costs, loan margins, and LTV dynamics across countries and sectors, using 12-month trailing views and LTV buckets to show how pricing and leverage have evolved since the rate-hiking cycle began. In addition, the report updates AEW's loan-origination vintage methodology and revisits estimates for the European debt funding gap and CRE loan loss expectations.
What FinLoop provided
FinLoop contributed curated, loan-level observations from across European lenders (banks and private credit), structured to support AEW's analytics on:
- All-in interest rates and spreads by LTV bucket, sector, and country.
- Refinancing timelines and maturity "refi ladders", with emphasis on London and major Eurozone markets.
- Sector-specific trends (office, logistics/industrial, retail, residential) that feed into debt-funding-gap assessments.
"Our goal is to make Europe's CRE debt market legible at the loan level", said Dr. Thomas Schneider, FinLoop Analytics. "By structuring granular data from disparate sources, we help research teams quantify refinancing risk, compare loan pricing across LTVs and sectors, and see where capital is tightening or returning."
Why this matters
- Refinancing under the spotlight. AEW highlights ongoing refinancing pressures, especially in offices and in France; loan-level views help identify risks and opportunities by asset quality and geography".
- Pricing clarity. AEW's 12-month trailing analytics show how all-in rates and margins map to LTV buckets and vary by country—insight that is sharpened with standardized, comparable loan inputs.
- Funding‑gap context. With updated estimates on the European debt funding gap and moderated loss expectations versus prior cycles, consistent loan-level evidence is an important cross-check on model assumptions.
About the AEW report
The AEW Research | Europe Monthly Report — October 2025 addresses current CRE debt market trends, loan-margin movements, lenders' pricing behavior by LTV band, a vintage-specific methodology update, and revised views on the debt funding gap and loss scenarios across countries and sectors.
About FinLoop Analytics
FinLoop Analytics is a specialist provider of European commercial real estate debt intelligence. We aggregate and structure loan-level data from public and proprietary sources to deliver transparent views on pricing, leverage, refinancing schedules and lender behavior-enabling investors, lenders and research teams to make faster, better-grounded decisions.