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Bain Capital Credit has acquired a portfolio of non-performing loans (NPL) with a nominal value of €385 million from the Italian bank Banco Mediocredito del Friuli Venezia Giulia, according to Real Estate Capital’s sister title, Private Debt Investor.
Canada Pension Plan Investment Board has provided a £250 million ($328 million; €281 million) junior loan to intu Properties, according to Real Estate Capital’s sister title, Private Debt Investor. The UK shopping centre company is owner of the Trafford Centre in Manchester, valued at £2.3 billion, and the Lakeside Shopping Centre in Essex, valued at £1.4 billion. The company […]
Bain Capital Credit has taken its first step into the Portuguese market with the acquisition of real estate loans that have a total outstanding balance of €476 million from a local bank, as well as loans from a Spanish bank at a par value of €489 million.
Optimum Credit, a non-bank mortgage lending platform owned by investment firm Patron Capital, has completed its first securitisation of UK second-charge mortgages, according to Real Estate Capital's sister title, Private Debt Investor.
London-based asset manager Algebris has agreed to acquire a portfolio of non-performing loans secured against mortgages with a gross value of €693 million from Italian bank Banco BPM.
Resolving Europe’s non-performing loan (NPL) problem is a priority for the banks in order to pave a way to improving profitability across the sector, an official from the European Central Bank (ECB) said in a speech yesterday.
Despite estimates that there are around €100 billion of non-performing loans in Greece and Cyprus, many investors say they will continue to stay clear of the region amid continued questions over foreclosure and enforcement procedures.
BlackRock has completed its latest investment in UK social housing with a £100 million commitment to a development project in Scotland.
LendInvest has raised £100 million (€115 million) for its Montello Real Estate Opportunity Fund as the marketplace lending sector continues to attract interest from institutional investors.
UK-based credit investment firm LCM Partners has closed the purchase of a €113 million German real estate loan book through a secondary transaction, according to Real Estate Capital's sister publication, Private Debt Investor.