RBS banker accuses debt funds of being ‘loan-to-own’ investors

Real estate debt borrowers should be wary of turning to alternative lenders because they were more likely to go after the underlying property, the LMA Real Estate Finance Conference heard today. RBS director of real estate finance Jason Presence told an audience at Allen & Overy’s offices in London that some non-bank lenders were effectively acting as ‘lend to own’ buyers.