Titan CMBS Debt Purchase Bid Rejected

The special servicer of the Titan Europe 2006-2 German multifamily commercial mortgage-backed securitization has thrown out a debt purchase offer for one of the underlying loans in the deal, claiming the bid did not reflect improvements in the assets and posed heightened execution risk.

  • 07 Nov 2011

The special servicer of the Titan Europe 2006-2 German multifamily commercial mortgage-backed securitization has thrown out a debt purchase offer for one of the underlying loans in the deal, claiming the bid did not reflect improvements in the assets and posed heightened execution risk.

Corestate Capital AG had offered ...

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,447.11 125 5.62%