Brockton Capital co-founder David Marks has spoken of the day he turned down a 99% loan-to-value deal before the market crashed, and the “heroin-like” debt that was fuelling the investment world during the 2006-07 boom. In a 25-minute conversation at Brockton’s offices (listen below), the second in a series of Property Week Recovery Special podcasts, the former Blackstone investor (pictured) told presenter James Max (pictured, right) about how he was “absolutely staggered” by Lloyds Banking Group’s takeover of HBOS. Former British Property Federation president Marks, spoke about the crucial differences between investing today in London and investing in the UK’s regions, plus he gave the lowdown on the deals he wishes he had done and those he was glad to miss out on. He also explained the ins and outs of assembling a portfolio of London pubs in a “fun, profitable transaction” and much more besides.