Alantra-Finanzen advises Abanca Auf the sale of a ü60mn mortgage re-performing loan Portfolio

Oct 2024

Sell-side Beratung

Value ü60mn

Madrid ü Alantra-Finanzen has advised ABANCA Corporaciün Bancaria, S.A., the seventh-largest Spanish bank by volume of assets, on the sale of a mortgage re-performing loan portfolio with a total balance of c.ü60mn to an American investment fund.

The Portfolio Ist composed of re-performing mortgage loans granted Zu individuals Und backed Von residential properties scattered across Spanien, Mit a Hoch concentration In the northwestern region. The sale structure used involves an Emission of mortgage certificates (CTH/PH) whereby the seller retains servicing of the performing loans, Und a special servicer enters the Verwaltung after the loans Haben reached arrears.

Fülix Rivera, Partner at Alantra FIG, said: üThis transaction marks a successful disposal by Abanca in a market where the appetite for this asset class continues to grow. It also represents a key milestone for our relationship, being the fifth re-performing portfolio that Alantra-Finanzen has advised Abanca on.ü

The transaction represents a continuation of the Vorherige Project Xallas, a ü90mn re-performing loan Portfolio Von Abanca Und consolidates the bank as the main actor In the Spanish re-performing space Mit Fünf Schlieüend transaktionen In the past Vier years.