- Advised purchaser of one of the few German loan portfolio sales in H1 2016, with an UPB of approx. EUR 200 million -
LONDON, June 10, 2016 /PRNewswire/ -- Hatfield Philips International ("HPI"), which along with LNR Europe (collectively, the "Company") serves as a leading NPL and debt advisory firm with best-in-class loan servicing capabilities, today announced that it has been mandated with the servicing and workout of a German loan portfolio, having already provided acquisition due diligence advisory services to the international investor.
The Portfolio consists of more than 240 loans (performing and non-performing) with a total unpaid principal balance of approx. EUR 200m, secured by more than 210 real estate assets located across Germany. The Portfolio was sold by a German financial institution in a competitive marketing process.
HPI delivered acquisition due diligence advisory and underwriting services in respect of the Portfolio, providing a value-enhancing range of real estate and debt markets expertise, including assessments of loan situations, workout strategies and strategic business plans.
"We are very happy to have supported one of our key partners in successfully acquiring one of the few loan portfolios that have come out of a German bank this year," said Wilhelm Hammel, Head of NPL Advisory for HPI. "This is the second significant German loan portfolio servicing and workout mandate that we have been awarded in the last 6 months. We are proud of the trust investors clearly place in our all-round capabilities to mandate us in respect of both the acquisition and the workout of the Portfolio. This is a strong sign of our leading position in Germany as a third-party workout specialist for real estate loans."
In December 2015, HPI announced that it had been mandated with the workout a German NPL portfolio of more than 20 loans with a total unpaid principal balance in excess of EUR 250m, secured by more than 20 commercial real estate assets located across Germany, again following HPI first providing acquisition due diligence advisory services to an international investor. In March 2016, HPI has been recognized by its industry peers as 'Debt Work-out Adviser of the Year' as part of Real Estate Capital's 2015 Awards.
Blair Lewis, Chief Executive Officer of HPI commented, "Following the extension of our underwriting capacities in London, Frankfurt and Madrid, we now have one of the largest dedicated NPL-focused teams in Europe which we often supplement with additional resources from our workout teams. The success of our extended operations has allowed us to broaden our geographical reach: We provided acquisition due diligence advisory and underwriting services on deals across 32 jurisdictions with a total UPB of over EUR 80bn since 2011. We look forward to leveraging our unrivalled workout and underwriting experience and wide network of best-in-class advisors with strong ties and relationships to generate new business opportunities."
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/.
Starwood Property Trust
SOURCE Hatfield Philips International