- Advises on 28 NPL deals totalling more than $51 billion in 2014 -
LONDON, Dec. 22, 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 provided an update on its NPL business activity in 2014.
"We have invested a significant amount of time and resources in growing our NPL advisory platform and the progress we have achieved is directly reflected in the number of mandates we secured in 2014," said Wilhelm Hammel, Head of NPL Advisory at Hatfield Philips/LNR. "Our efforts have allowed us to cover approximately 45 percent of the market and we expect this to increase over time as we bolster our capabilities to facilitate sustained growth."
In 2014, HPI provided due diligence and advisory services on 28 NPL deals totaling more than $51 billion for a variety of well-known debt investors. The deals are secured by 25,731 assets and 18,073 loans across 20 jurisdictions, reflecting HPI's breadth and depth across Europe's largest commercial real estate markets. In 2015, HPI anticipates its NPL business will continue to be a significant driver of top-line revenue growth as banks continue to delever their balance sheets.
"Over the past year we managed to leverage our expertise to advise on the considerable NPL activity in the United Kingdom and Ireland," commented Andreas Arend and Jon Warman, Vice Presidents at LNR. "We remain optimistic about the debt environment in both markets, which should result in additional business opportunities in 2015, and will continue to explore strategic options to further penetrate other key European debt markets."
According to quarterly data produced by Cushman & Wakefield, CoStar, and Debtwire, the market for commercial real estate loans is projected to total $112 billion in 2014. Based on the aforementioned data, HPI will have covered approximately 45 percent of the NPL market.
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