Home Authors Posts by david.b@peimedia.com


Bain acquires €385m NPL portfolio

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.

CPPIB backs UK shopping centre with £250m loan

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 enters Portuguese NPL sector

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.

Patron platform issues first post-crisis second-charge mortgage security

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.

Finding an NPL solution

There is a long way to go before investors feel comfortable getting behind securities backed by NPLs, despite regulators’ efforts, writes David Brooke

Algebris acquires €693m Project Rainbow

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.

ECB: NPL resolution a priority for the banks

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.

Investors steer clear of Greek NPL market

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 provides £100m to support housing project

BlackRock has completed its latest investment in UK social housing with a £100 million commitment to a development project in Scotland.

LendInvest hits £100m mark for Montello fund

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.

Copyright PEI Media

Not for publication, email or dissemination