Deutsche Bank privately places Quokka CMBS refi

By Joseph McDevitt
28 Aug 2013

Luxembourg-based BGP Investment S.à r.l. is said to be closing a new €386m privately placed German multifamily commercial mortgage securitization, which refinances Quokka Finance Plc, a legacy €617.5m CMBS from 2006 that matured earlier this month.

Deutsche Bank is arranger on the deal. Market chatter suggests the new securitization is completely unrated, with the privately placed notes understood to be rolled over to existing investors in the original deal, and sold to other third party buyers found by the seller.

Further details, including ...

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