the authoritative voice of the EMEA market

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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What's New?

REF Insight

EMEA Syndicated Real Estate Finance Loans Review - Full Year 2016
Dealogic's Loans StatShot

Market Tremors Add to U.K. Real Estate Uncertainty (August, 4, 2016)
Standard & Poor's Ratings Services Report

LMA/APL Quarterly Series for Junior REF Professionals on "The Loan Agreement", 8 February 2017, 8.00 am - 9.30 am

This seminar will cover the following:

  • Typical structure of the document
  • Drafting assumptions
  • Typical negotiating points – focusing on representations, undertakings and events of default
  • Conditions precedent – what issues should parties be aware of

Speakers will be William Oliver and Richard Hughes, both of Pinsent Masons.

This seminar is aimed at those with up to 3 years experience in the market.

REF Quarterly Bulletin

Our REF quarterly bulletin for December is out now. This includes information about recent documentation updates, market updates and upcoming events.

Post-Brexit developments in the UK real estate finance market

On 22 September 2016, the Loan Market Association hosted an Early Evening Seminar entitled "Post-Brexit developments in the UK real estate finance market – a market and legal view". The seminar was a resounding success thanks to the insight of our experienced panellists. A summary of the seminar is available by logging in and clicking the arrow.

Save the date for the Real Estate Finance Conferences 2017

The Real Estate Finance Conference will be taking place at Allen & Overy on 17 May 2017. The Munich Real Estate Finance Conference will be taking place at The Westin on 8 June 2017.

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What is Green Lending?

This article, published by the LMA, discusses the key drivers motivating the international green agenda, what green lending is and the development of the market so far, while also considering what the future may hold for this infant market. It responds to the growing prevalence of buzzwords such as 'green buildings', 'green lending' and 'sustainability'. The LMA has collaborated with a number of real estate finance professionals to explain exactly what this concept means for lending.

LMA Security Agreement for Real Estate Finance Transactions

The LMA is pleased to announce the launch of a new security agreement intended for use in real estate finance transactions (the "REF Security Document"), as well as consequential changes to the LMA REF facility agreements and term sheets. It seeks to be a starting point for drafting a security agreement by providing a common framework and language, even though it is recognised that the draftsman will need to tailor the security agreement to reflect the particular transaction structure and commercial requirements of the parties involved.

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Real Estate Finance Loan Book

With European real estate firmly in the spotlight for global investors, the LMA has published its fourth book, which seeks to cover the many issues to be considered, from tax to security to sustainability, by participants active in the commercial real estate loan market.