Defaulted French CMBS Loan Given Breather

30 Nov 2011

A French office property loan securitized in the EUR1.67 billion ($2.24 billion) Titan Europe 2007-2 pan-European commercial mortgage-backed deal will enter a standstill period until January, after it failed to repay at maturity last month.

A French office property loan securitized in the EUR1.67 billion ($2.24 billion) Titan Europe 2007-2 pan-European commercial mortgage-backed deal will enter a standstill period until January, after it failed to repay at maturity last month.

The EUR8.3 million ($11.1 million) Nantes loan, one of 18 commercial property loans underpinning ...

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