Residential

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’.