HomeNPL & REOSantander Neg...

Santander Negotiates the Sale of 50,000 Problem Mortgages to International Investment Funds

sede central del banco santander localidad madrilena boadilla del monte 1493839053100 1024x682 1

The best-placed investors to acquire these assets are CPPIB, the largest pension fund in Canada, and M&G, the British management company, according to El Confidencial. Santander expects to receive around €3.6 billion from the sale of these mortgages. The sale is being advised by the Spanish investment bank Alantra.

The operation has been structured around two portfolios. Firstly, Project Atlas, whereby the Spanish bank is selling €2.7 billion worth of delinquent mortgages. Secondly, Project Promoteo, which contains €2.1 billion worth of refinanced mortgages.


Últimas Noticias

300x600 re financing