The Voice of Commercial Real Estate Finance

Build To Rent Finance Working Group

Build-to-Rent Finance Working Group

The Build-To-Rent (BTR) Finance working group was formed with a view to ensuring that a lack of suitable, informed, commercially available credit will not act as a brake on the growth of the UK’s BTR market for professionally managed and rented residential property.  We have also organised meetings with government officials seeking input from the lending side.  Until 2021, the secretariat for the working group was led by lawyers Partha Pal and Carol Hopper Greenberg Traurig).

The working group has mostly operated through various sub-groups (sometimes sponsor or lender only, sometimes mixed) to consider what steps would be most helpful for the market. This guide is the product of many discussions and a great deal of work led by Partha and Carol, and discusses the key issues about BTR that lenders should understand, and key lender concerns that sponsors should understand.

With the socioeconomic importance and institutional attractiveness of this sector showing no signs of reducing, we are now considering what this group might most usefully do next.

Anyone interested in the UK BTR sector should also bookmark the UK BTR 'hub' website - https://buildtorent.info - which was created in collaboration with the British Property Federation and the UK Apartments Association. It aims to be a single site from which key resources (most obviously from government and relevant industry representative bodies) can be accessed.

Finally, in late 2021, the BPFederation published a guide to ESG in the context of the UK’s institutional owned and managed residential private rented sector (PRS) – it is available here. CREFC Europe members are encouraged to use it in relation to relevant transactions and activities, and to provide feedback either to the BPF direct or to Peter.

Please contact Peter Cosmetatos if you would like to know more.

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