Real Estate Finance

Our aim in the REF sector is fivefold:

  1. to bring about increased efficiencies and standardisation in the European REF market via the publication of recommended forms of REF documentation;
  2. to highlight the legal and regulatory issues in the REF sector which have the potential to impact members working in this market;
  3. to discuss any challenges (legal or otherwise) affecting the REF market and to lobby key decision-makers, where necessary, in an attempt to bring about constructive change;
  4. to provide a series of dedicated events specifically aimed at participants working in the REF market, to assist them in furthering their knowledge of the sector generally and also in understanding our real estate documentation; and
  5. to consider ways to improve liquidity and facilitate investment in the REF sector, by encouraging new investors to the market.

Latest News

LMA publishes guidance note on the Building Safety Act 2022

The Building Safety Act 2022 (BSA), which came into force 1 April 2023, is primarily intended to improve the design, construction and management of higher-risk buildings in England and Wales in the wake of the Grenfell Tower fire in 2017. The BSA is the most wide-ranging and comprehensive legislative reform affecting the built environment in decades.

Our new guidance note includes a number of key points for consideration for bank and non-bank lenders, and their advisors, when using the LMA’s template real estate finance facility documentation in circumstances where the BSA may apply.

LMA Publishes Duty of Care Agreement and Subordination Agreement for use on Real Estate Finance Transactions

We are pleased to release two new documents for use on real estate finance transactions as part of its ongoing work to improve efficiency in the syndicated loan market. 

Accompanying user guides have been produced and these documents form part of the LMA’s extensive suite of real estate finance documentation.

Real Estate Finance Conference

Bringing together thought-leaders from across the sector, our 2024 Real Estate Finance Conference will delve into the key issues surrounding real estate finance and the built environment.

It is aimed at lenders, investors, developers, owners and advisors who want to learn, network and stay ahead in this dynamic and rapidly evolving market.

What do lenders need to know about the Building Safety Act 2022? (July 2023)

This briefing by Osborne Clarke LLP considers the impact of the Building Safety Act 2022 on financing for tall buildings with a residential element (in England only).  It explores some of the issues that lenders will need to consider in structuring, investigating and documenting the debt financing of such buildings.



REF Documents

Access to LMA REF Documentation


The Real Estate Loan Book

An easily readable coverage of many of the issues to be considered in real estate finance, from tax, to security, to sustainability.