• In addition, since the implementation of the ICO (Instituto de Crédito Oficial) credit lines, CaixaBank has successfully surpassed the first tranche it had been assigned, fulfilling requests totalling more than €8.5 billion. • The bank aims to continue to spearhead a rapid recovery of the Spanish economy. • CaixaBank has introduced a comprehensive number… Continue reading CaixaBank lends €8 billion to businesses in the first 15 days of the state of alarm
Category: Commercial Mortgages
Mighty OakNorths from little acorns grow
Since its inception in 2015, OakNorth has gone from strength to strength. Indeed, last year the British challenger bank reported a 220% increase in profits from the previous year. So what is the story behind OakNorth and why is it growing so quickly?
UK Real Estate and Mixed Portfolio UK Assets: Where Next?
[box] In modern days, real estate is becoming more and more a part of an investor’s portfolio. Ibbotson and Siegel (1983) estimated that more than half of global wealth is in real estate. [/box] The 2006 Luxembourg Wealth Study found that the share of real estate in household portfolios across various countries ranged from 25… Continue reading UK Real Estate and Mixed Portfolio UK Assets: Where Next?
Eye On: Expensive Cities and House Prices
[box] Millennials in the US struggle to buy their first house due to high housing prices. The Global Financial Crisis, politicians and competition in the job market could each impact housing prices. [/box] Most expensive cities in the world According to Bloomberg (2018), the top 10 most expensive cities to live in are, from highest… Continue reading Eye On: Expensive Cities and House Prices
Nailing Construction Finance: What are the Benefits?
What’s the process for getting construction finance? Construction finance usually occurs in a few steps, normally done online: These can include: The main benefits of construction finance can be that funds can be advanced against unpaid invoices within 24 hours. Construction finance can also be confidential – your customers, clients and existing bank facilities.… Continue reading Nailing Construction Finance: What are the Benefits?
Funding for Growth: How do Businesses Access Finance to Grow?
[box] Growing a business can happen in numerous ways, and financing this can help accelerate plans, increase revenues and finance up front capital expenditure to take advantage of opportunities to grow. [/box] Why do businesses need funding? Moving to New Offices or Opening in New Markets Businesses might look to expand geographically as part of… Continue reading Funding for Growth: How do Businesses Access Finance to Grow?
EXPLAINED: How SEPA Makes European Trade More Affordable
[box] The Single Euro Payments Area (SEPA) was introduced to allow individuals and businesses throughout Europe to make payments electronically or by card using Euros. SEPA was the final piece in creating the European single market and has been crucial in making European trade more profitable, efficient, and affordable. In this article, we will look… Continue reading EXPLAINED: How SEPA Makes European Trade More Affordable
5 tips for construction finance
[box] Construction and project finance can be hugely complex for all parties involved – developers, construction companies, architects, and even brokers, who are often faced with challenging payment gaps and working capital constraints when dealing with major projects. Any successful developer will know that it is always important to plan finances carefully and allow for… Continue reading 5 tips for construction finance
Trade Finance and the Law
The law underpinning financial products is inevitably very important when structuring a facility. The concept of trade finance law also adds a level of difficulty as we usually see a greater level of complexity in the lending scenarios. Why is the law important when it comes to trade finance? Law underpins all lending; as security… Continue reading Trade Finance and the Law
Is China stopping overseas investment?
It is widely known that growth in China has slowed. A powerhouse economy that was seen as the leader of growth for so many years is now pushing to slow foreign investment. Now, the aim is retaining capital within China’s borders and the government is attempting to do this with a two-pronged approach. There is… Continue reading Is China stopping overseas investment?
Trump’s presidency and global real estate investment
In the United States, property taxes are often based on values 30-60% higher than a property’s worth. Factors like this make investors want to invest globally. The primary factor that comes into play for real estate investors globally is how the economy will treat the investment. At the basic level, someone investing in non-commercial property… Continue reading Trump’s presidency and global real estate investment
Spotlight On: Sarah Walker at KPMG on Alternative Finance
We spoke to Sarah Walker, who is the UK Lead of Alternative Finance at KPMG about her thoughts on the alternative finance sector and where it is headed, following NESTA’s Pushing Boundaries report in collaboration with the University of Cambridge and KPMG. What is KPMG doing in terms of driving alternative finance and helping SMEs… Continue reading Spotlight On: Sarah Walker at KPMG on Alternative Finance
Landbay is disrupting the Buy-to-Let (BTL) mortgage market – TFG Interviews
Peer-to-peer lending is transforming the way businesses operate, access capital, and grow. One other example of where this is happening is in the residential buy-to-let mortgage market. We spoke to the co-founder and CEO, John Goodall of Landbay to find out more about Buy-to-Let and what his company are doing to disrupt this exciting market.… Continue reading Landbay is disrupting the Buy-to-Let (BTL) mortgage market – TFG Interviews