Tuesday, March 25, 2014

CRE NPL Deal in the market - includes some assets from the CWCapital auction

See write-up from Herschmeyer over at Co-Star:

The assets have an aggregate unpaid principal balance (UPB) of $899.3 million, were acquired for $455.8 million...

...The largest portfolio (34%) is comprised of 18 CRE assets that previously served as collateral in various CMBS transactions and were acquired by Oaktree from special servicer CW Capital Asset Management LLC (CW Capital) in February 2014.