18 February 2027    El Beatriz Madrid

Real Estate Financing Forum 2026 Programme

Accreditation. Networking Coffee Networking Coffee
February 17. 08:30.
    Welcome and presentation of the day
    February 17. 09:00-09:05.
      Bank of Spain: supervision and risk assessment criteria in scenarios of increased residential production
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      February 17. 09:05-09:30. Dialogue
      • Key parameters used in the supervision of promoting and residential financing
      • Types of assets and stages of development subject to greater scrutiny
      • Structural risks which condition the system's financial capacity
      • Actual capacity of banks and alternative lenders to absorb new production
      Developers: what capital do residential projects need to be feasible?
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      February 17. 09:30-10:10. Round Table
      • Capital requirements by product type and stage of development
      • Differences in access to financing based on size, balance sheet, and track record of the developer
      • Where is the sector headed? Dynamics of concentration, professionalization, and capital scalability
      • How do developers present their capital structure to banks and alternative investors?
      • Developers' priorities in 2026: volume, speed of closing, optimal structure, and sustainability of the business plan
         
      Bank Financing: Impact of the Closure of Basel III and Other Regulations on Housing Finance
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      February 17. 10:10-10:50. Round Table
      • How do current regulatory requirements (Basel and supervisory practices) influence leverage limits, capital consumption, and project selection?
      • Current criteria that condition the granting of developer financing
      • Red flags and critical metrics for the analysis and approval of operations
      • Differences in approach between entities based on size, region, and portfolio profile  
      Networking Coffee
      February 17. 10:50-11:25.
        Alternative financing: what is the cost of alternative debt and what risk does it entail?
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        February 17. 11:25-12:05. Round Table
        • Actual price ranges for alternative debt in residential
        • Risk criteria assumed by non-bank funds and differences with traditional banking
        • Hybrid capital structures, reaching where bank financing doesn't
        • Volume, term, and asset type limits in the current market.
        Mortgages, guarantees and public aid: instruments to facilitate purchase
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        February 17. 12:05-12:45. Round Table
        • Financing for new builds, second-hand properties, and renovations
        • Public guarantees, regional and state aid
        • How interest rates, terms, and ratios affect real purchasing power
        • How far does the average buyer's financing capacity extend?
        European financing instruments and mechanisms for affordable BTS/BTR housing: how to activate capital and mobilize investment
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        February 17. 12:45-13:25. Round Table
        • European funds for new construction, BTR, BTS, and renovation
        • Eligibility requirements and regulatory risks
        • How to structure projects so that those are affordable: audits, environmental certification, technical and administrative risk mitigation
        The role of equity as a complement to bank debt and alternative financing in residential projects
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        February 17. 13:25-14:05. Round Table
        • Vehicles of co-investment and joint ventures
        • How equity reduces financial costs and improves LTV/LTC.
        • Strategies to attract institutional capital to residential projects.
        • The role of equity in BTR, affordable housing, and managed land
        Networking Lunch
        February 17. 14:05-15:20.
          How to accelerate industrialized construction through financing
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          February 17. 15:20-16:00. Round Table
          • Reliable instruments for financing industrial construction
          • In search of alternatives to developer credit: specialized bridge loans, mezzanine debt, hybrid equity + debt structures, club deals...
          Financing of urban development works: how to unlock land and structure capital and debt
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          February 17. 16:00-16:40. Round Table
          • Land development, an investment in infrastructure? The role of public funding.
          • Bank and fund conditions for financing development.
          • Bridge structures and investment vehicles
          Optimization of residential financial structures: strategies to reduce cost and maximize financing capacity
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          February 17. 16:40-17:20. Round Table
          • Mandatory structural adjustments to enable complex projects to be affordable
          • Reconfiguration of equity and debt in restrictive environments
          • Key decisions that surpass risk committees
          Afterwork networking
          February 17. 17:20-17:50.
            End of the day
            February 17. 17:50.

              (*) Agenda subject to change

              Simultaneous translation available (Spanish > English) with on-screen subtitles thanks to AI technology


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