In October 2013, the Due Diligence working group launched CREFC Europe’s Due Diligence Guidelines to assist those making secured loans against UK real estate.
Since a successful seminar in late 2014 at which due diligence challenges were revisited against the backdrop of a strongly recovering market, a small working party has been working on a due diligence checklist aimed at making the guidelines more accessible and useful. The intention is that, after industry consultation and a little updating of the guidelines, the package will become a useful tool for lending firms and a best practice standard for non-originating investors.
The working party comprises Mark Menhennet, Chadbourne & Parke, Klause Betz-Vais, Lloyds Banking Group, Neil Odom-Haslett, Standard Life Investments, and Paul Lewis, CBRE Loan Servicing.
Please contact a member of the working party or Peter Cosmetatos on +44 20 3651 5696 or firstname.lastname@example.org if you have questions, suggestions, or would like to get involved.