Rise in LTVs force Talisman 6 loans into default

Two loans representing 52% of the value of Talisman 6, a CMBS backed by German retail assets, have moved into default after failing to qualify for extensions.

  • 20 Jul 2012

The Orange loan, worth 38.5% of the pool, failed to comply with three of the four conditions required to qualify for the second year of a three year extension, servicer Hatfield Philips said on Tuesday.

The market value of the Orange properties had fallen to €411.7m, with €399m ...

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