Hatfield Philips Provides Overview Of 2015 Business Activity
- Advises on 32 NPL deals totaling $35.1 billion -
- Facilitates sale of more than 220 properties returning approximately $1.3 billion to noteholders -
- Adds $5.7 billion to loan servicing book -
- Nominated by Real Estate Capital for Debt Workout Advisor of the Year Award -
LONDON, Jan. 20, 2016 /PRNewswire/ -- Hatfield Philips International ("HPI"), along with LNR Europe (collectively, the "Company"), a leading NPL and debt advisory firm with best-in-class loan servicing capabilities, is pleased to report strong performance across its multiple business lines in 2015.
Commenting on the past year's business activities Blair Lewis, Chief Executive Officer of HPI/LNR Europe, stated, "We made significant progress enhancing and growing our different lines of business in 2015. Our many achievements are a direct result of consistent execution of the strategic plan we initiated two years ago to transform the Company into a full-service debt advisory firm, and we are pleased the market is recognising this. Having made considerable strides towards accomplishing our objectives, our attention turns to further refining our service offerings and diversifying our client base."
NPL Advisory
In 2015, the Company provided due diligence and advisory services on 32 NPL deals totaling $35.1 billion and reviewed another 20 NPL deals totaling $17.4 billion. The former are secured by 60,000 assets and 102,000 loans across 17 European jurisdictions. In addition to increasing the volume of deals it advised on year-over-year, the Company expanded its client base and extended its reach beyond the United Kingdom, Ireland and Germany into other major European jurisdictions including Italy, Spain, the Netherlands and CEE. These advisory mandates have further solidified the Company's positon as a leading NPL advisor and driven top-line revenue growth.
Debt Advisory & Transaction Management
Reflecting an important milestone in its evolution, the Company's Debt Advisory & Transaction Management team closed its first two loan transactions totaling $35.3 million. The team has also added four highly qualified real estate finance professionals in the London office, who among them have more than 45 years of real estate lending experience. In addition, the Company has engaged with a consultant in Milan who has 25 years of experience in Italian lending. These moves add significant depth and bring to the Company a wealth of longstanding business relationships. The Company expects to continue to grow this team in 2016 as it generates additional business opportunities.
Primary & Special Servicing
Over the past 12 months, the Company won approximately $5.7 billion in new primary servicing mandates, bringing the total assets under management in its loan servicing book to $16.6 billion as of 31 December 2015. As it relates to special servicing, the Company served as workout advisor on more than 170 commercial real estate loans across eight European jurisdictions with a UPB of approximately $7.1 billion. Its efforts resulted in the sale of more than 220 properties, both single assets and portfolios, generating approximately $1.3 billion in proceeds for noteholders. Some of the Company's most notable transactions include Talisman 6's Sunrise, Windermere 10's Bridge, Mansford OBI Large and Windermere 7's Lucent.
Mr. Lewis continued, "I could not be more proud of our talented team of commercial real estate finance professionals who made the success we achieved in 2015 possible, and look forward to carrying this positive momentum throughout 2016 and beyond. Collectively, we are honoured to be recognised for our efforts by our colleagues in the market as demonstrated by our nomination for Real Estate Capital's Debt Workout Advisor of the Year Award."
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/.
Investor Relations:
Zachary Tanenbaum
Starwood Property Trust
Phone: +1-203-422-7788
ztanenbaum@starwood.com
Media Relations:
Jason Chudoba
ICR, Inc.
Phone: +1-646-277-1249
Jason.Chudoba@icrinc.com
Share this article