Thursday, May 13, 2021

NPL & REO

Santander, Caixabank and BBBVA Have More Than €9-Billion in Loans Under Moratorium

According to data from the Bank of Spain, the figure is €3.711 billion more than the figure for the end of 2020.
Richard D K Turner -

Quinlan Prepares Purchases Worth €100 Million

The new investment manager founded by the former executives of Altamira, Eduardo Quintana and Emilio Langle, is already negotiating operations worth 50 million euros, a figure that it plans to double during 2021.
Carmel Drake -

The Fund Oaktree Divests its Exposure in Spain with the Securitisation of Assets Worth €740 Million

The fund Oaktree has commissioned Morgan Stanley to handle this issue, which is called Retiro Mortgage Securities and which is backed by around 10,000 real estate properties.
Carmel Drake -

Sabadell & BBVA Lead the Ranking of Toxic Portfolio Sales

The two entities have divested portfolios amounting to 1.85 billion euros in total.
Carmel Drake -
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Companies

Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy

Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.
Carmel Drake -
Actualidad

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.
Carmel Drake -
NPL & REO

Santander Explores How to Securitise NPLs Through Deva Capital

The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.
Carmel Drake -
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