- Noteholders to Receive Full EUR 92.2 Million Repayment -
LONDON, Dec. 8, 2014 /PRNewswire/ -- Hatfield Philips International ("HPI"), together with LNR Europe, a leading NPL and debt advisory firm with best-in-class loan servicing capabilities, today announced its affiliated company LNR Partners Germany GmbH in its capacity as special servicer has achieved through a consensual sales process a full recovery in the amount of €92.2 million for noteholders on the largest loan in Portfolio Green, a securitization pool.
The loan, which pertained to closed-end fund borrower group G13, has been fully repaid to noteholders. The loan was secured by a single office property centrally located with close proximity to major public transportation in Munich, Germany totaling 74,833 square meters and is fully occupied primarily with a single high credit quality tenant.
"We are very pleased to have been responsible for the full repayment of the largest loan in this prominent German securitization," said Blair Lewis, Chief Executive Officer of HPI. "This positive outcome is yet another demonstration of our ability to employ our unmatched special servicing solutions rooted in rigorous underwriting and market intelligence that continue to achieve optimal results for European debt market participants."
Noteholders will receive payment at the IPD in January 2015.
About Hatfield Philips International Ltd.
Hatfield Philips International ("HPI"), together with LNR Europe, is a leading NPL and debt advisory firm with best-in-class loan servicing capabilities. From NPL underwriting to co-investing to helping lenders execute on debt strategies, HPI is uniquely positioned to deliver multiple layers of value to a wide range of debt market participants. HPI accomplishes this by leveraging a highly seasoned team of real estate finance, workout, debt servicing, and client service specialists. Founded in 1997 on the principles of trust, integrity and providing the highest levels of customer service, HPI has the experience and capabilities to partner with clients to achieve their business and investment objectives. HPI is a subsidiary of LNR Property, a United States-based real estate investment, finance, management and development firm, which was acquired by Starwood Property Trust in April 2013. For more information please visit us at http://www.hatfieldphilips.com/.
Media Relations:
Jason Chudoba or Phil Denning
ICR, Inc.
Phone: +1-203-682-8200
Jason.Chudoba@icrinc.com
Phil.Denning@icrinc.com
