Deco 14 Bulgaria loan given two more years to pay off

30 Jan 2013

Capita Asset Services has extended the maturity date on the Bulgaria Loan in Deco 14 – Pan Europe 5 to 2015 after deciding a consensual sale or refinancing of the loan was still possible.

The loan was put into standstill in January 2012, after the borrower did not repay it. Special servicer Capita consulted Bulgarian property advisers on the quality and characteristics of the portfolio during the standstill period. Capita decided selling the Bulgarian property in the short-term would not give the ...

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