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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.
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.
Titlestone Structured Finance and Shawbrook Bank have provided £42.5m across two facilities for a London residential scheme.
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.
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.
Sareb has managed to reduce bad loans by almost one-third, but divestment of toxic assets remains behind target.
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.
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 Capital Management has bought a portfolio of non-performing loans with a nominal value of €150 million from Sareb, Spain’s ‘bad bank’.
Market players should help tackle the UK’s housing shortage in 2018, writes Randeesh Sandhu, CEO of residential development finance specialist Urban Exposure.