Industry trade body CREFC is to launch a series of finance training seminars to help the next generation of professionals better understand property lending markets.
Backed by lenders, CREFC Europe aims to target banks and debt investment firms that are going through a phase of growth.
The five-day course starts on 20 July and will aim to give junior and mid-level professionals in banks and non-bank lenders a better understanding of the specific demands of real estate finance.
The course will be addressed by speakers from Bank of America Merrill Lynch, Barclays, Deutsche Bank, Lloyds and TH Real Estate among others and has been organised by Hans Vrensen, former global head of research at DTZ.
The demand for the course was driven from the findings of an industry report in 2014, “A Vision for Real Estate Finance in the UK”, which concluded that education was needed to prevent the “dangerous feedback loop” between property and credit cycles.
Emma Huepfl, director at Laxfield Capital, said: “People enter commercial real estate lending from many different backgrounds, and the industry needs recognised standards of training for new participants.
“A good commercial real estate lender needs to understand real estate and the economy which drives it, the people that manage it, financial and legal structuring and cycles affecting real estate values and capital flows. There are many different aspects to getting it right, and I hope that the industry will value and support this CREFC initiative to raise standards.”
