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Capital flows: Global money targets Europe

In the first of a three-part series this week, REC examines the capital flooding into the continent and what it means for the sector.

Debut Islamic UK RMBS widens funding options for sharia-compliant lenders

Al Rayan Bank’s first Islamic residential mortgage-backed securitisation in the country is expected to pave the way for further transactions of this type.

Niche UK lenders still bridging development debt gap

Titlestone Structured Finance and Shawbrook Bank have provided £42.5m across two facilities for a London residential scheme.

Maslow makes debut loan portfolio purchase

UK-based development finance provider Maslow Capital has acquired a £100 million (€112.7 million) performing loan portfolio, representing the firm’s first participation in the secondary debt market.

Vonovia signs €500m refinancing deal

Germany’s largest listed residential landlord has sourced a €500 million loan from German bank Berlin Hyp to refinance portfolios in North Rhine-Westphalia, Bavaria and Rhineland-Palatinate.

Spain’s bad bank, five years on

Sareb has managed to reduce bad loans by almost one-third, but divestment of toxic assets remains behind target.

Maslow boosts lending with residential and student housing deals

UK-based development finance provider Maslow Capital has completed four financing deals totalling £74 million (€83.8 million), in a move to diversify its loan book.

HSH writes €139m loan for Hamburg residential scheme

Germany’s HSH Nordbank has provided a €139 million loan to domestic developers Aug Prien Immobilien and DC Developments to fund a residential scheme in Hamburg.

Oaktree buys €150m of Spanish NPLs

Oaktree Capital Management has bought a portfolio of non-performing loans with a nominal value of €150 million from Sareb, Spain’s ‘bad bank’.

LOOK AHEAD 2018: UK housing presents a clear opportunity for lenders

Market players should help tackle the UK’s housing shortage in 2018, writes Randeesh Sandhu, CEO of residential development finance specialist Urban Exposure.

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