Real Estate Finance
Confidence is returning to both lenders and borrowers in Europe's real estate markets, despite the ever-increasing regulatory burden market participants are having to accommodate.
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On 23 June, we will be holding our annual REF Documentation Training Day. The day will cover: negotiating a REF intercreditor agreement; a borrower friendly mark-up; introduction to property CPs, security and the due diligence process and valuation; and recent changes to the LMA documents. Click the arrow to book your place
On 25 January 2017, the Loan Market Association hosted an Early Evening Seminar entitled "Real estate financing in 2017, what is hot and what is not?". The seminar focused on the current state of the UK real estate finance sector and the developments which are likely to be seen in 2017.
We spoke to Neil Blake, Head of UK and EMEA Research at CBRE, following our 2017 London REF Conference in May. Neil spoke about some of the key trends impacting the real estate finance market, and what to look out for going forward.
The LMA has published revised versions of both its Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions and Single Currency Term Facility Agreement for Real Estate Finance Development Transactions, correcting cross-reference errors across the documents with regards to Clauses 25 and 26 respectively.
LMA responds to BEIS call for evidence on a register of beneficial owners of overseas companies that own UK property
We have responded to the UK Department for Business, Energy and Industrial Strategy's (BEIS) call for evidence on a register of beneficial owners of overseas companies and other legal entities that own or buy UK property (the "Register"). The call for evidence sets out BEIS's plans to create a register of beneficial ownership in order to ensure that the UK remains an open and transparent place to do business when investing in the UK property sector.
Summaries of our 2017 London REF and Munich REF Conferences, including the annual REF survey results; briefing on the legal implications of REF NPLs; the LMA's submission to BEIS regarding a register of beneficial ownership; recent documentation updates; and legal and regulatory news.
Click here to view the February updates to the REF documents.