Next slug of CHL financing breaks cover

Cerberus 230x
By Owen Sanderson
31 Jan 2017

Co-arrangers Bank of America Merrill Lynch and Morgan Stanley have announced the next chunk of financing for Cerberus’s acquisition of Capital Home Loans from Permanent TSB.

The deal, Towd Point Mortgage Funding 2017-Auburn 11, will finance a £1.65bn book of largely buy-to-let UK mortgages, which are around 10 years seasoned. The arrangers, joined by Wells Fargo as a joint lead, and SMBC Nikko as a co-manager, will take the deal on the road between ...

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