Tag Archives: Cerberus

Cerberus refinances three German retail assets from Project Phoenix with €63m PBB loan

Cerberus Capital Management has refinanced three retail properties in Germany acquired three years ago from Wells Fargo with a €63m senior loan from Deutsche Pfandbriefbank (PBB), the recently re-privatised German bank said in a statement. Cerberus acquired the value-add retail-led … Continue reading

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Cerberus beats Apollo to win Project Arrow for around €800m

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Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today … Continue reading

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Helaba ponders whether to progress sale or withdrawal of Project Aurora NPL

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Helaba is expected to make a decision this week on whether to pursue the sale of the circa €450m Project Aurora non-performing loan portfolio after the second round pricing came in significantly below the bank’s expectations, CoStar News understands. Project … Continue reading

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BAML issues initial pricing guidance for Italian private equity CMBS

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Bank of America Merrill Lynch (BAML) has issued initial pricing guidance on its first European commercial real estate securitisation of the year – the private equity sponsored €286.425m Taurus 2015–1 IT. The transaction is the securitisation of three commercial real … Continue reading

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BAML launches €286.4m multi-borrower Italian CMBS backed by three private equity firms

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Bank of America Merrill Lynch (BAML) has launched a five-year €286.4m multi-borrower securitisation of three Italian loans extended to Blackstone, Cerberus and Orion Capital Managers in an all private equity sponsor securitisation dubbed TAURUS 2015-1 IT. The three loans are … Continue reading

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Cerberus wins Ulster Bank’s giant Project Aran and NAB’s Project Henrico

Cerberus Capital Management has won Ulster Bank’s giant Project Aran non-performing loan portfolio and National Australia Bank’s Project Henrico, completing a sweep of four major commercial real estate (CRE) loan portfolio wins in the last week. Royal Bank of Scotland … Continue reading

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Cerberus beats Oaktree to win Nationwide’s Project Carlisle

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Cerberus Capital Management has won Nationwide’s Project Carlisle paying just above £680m for the UK commercial property loan portfolio, fending off Oaktree Capital Management in a tightly-contested blind bidding process.    Nationwide, advised by Deloitte on the Project Carlisle sale … Continue reading

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Cerberus acquires Project Mermaid NPL from Denmark’s bad bank

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Cerberus Capital Management has acquired a portfolio of non-performing loans from 360 separate borrowers, predominantly backed by commercial real estate in Denmark, from Finansiel Stabilitet, the country’s state-backed bad bank. The nominal value of the loan portfolio, dubbed Project Mermaid, … Continue reading

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Lone Star wins largest Project Achill tranche – two additional winners and two loans still in the balance

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Lone Star has won the largest tranche of Ulster Bank’s Project Achill, Pool A, in one of four of the six tranches committed to winning bidders, while the rest of the non-performing loan portfolio remains in the balance. The final … Continue reading

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