Due Diligence Working Group

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.  We are also updating the underlying guidelines to include a more thorough treatment of construction finance due diligence and insurance matters, to incorporate UK tax matters, and to reflect the introduction of minimum energy efficiency standards.

The working party comprises Simon Chadney, Herbert Smith Freehills LLP, Klaus Betz-Vais, Lloyds Banking Group, Guillaume Gruchet, Bank of America Merrill Lynch, and Paul Lewis, CBRE Loan Servicing.

Please contact a member of the working party or Peter Cosmetatos on +44 20 3651 5696 or pcosmetatos@crefceurope.org if you have questions, suggestions, or would like to get involved.