Goldman launches CMBS funding Stena’s portfolio sale to Fortress

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By Owen Sanderson
28 Apr 2021

Goldman Sachs has launched a multi-borrower CMBS backed by office buildings in Austria, Finland, France, Germany and the Netherlands. Around half of the deal funds a portfolio that Fortress recently bought from Stena AB’s real estate arm.

The CMBS deal, dubbed Berg Finance, is backed by two loans to unrelated groups — the €148m loan to Fortress, which is known as Big Mountain, and a €150m loan to Ares, labelled Sirocco.

Fortress' acquisition from Stena comprised 25 office and was initially financed on March 17.

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