Borrower To Retain Funds In Care Provider Collapse
The borrower of a loan which is backed by care homes run by stricken U.K. provider Southern Cross, and securitized in the Titan Europe 2007-1 (NHP) commercial mortgage-backed deal intends to retain funds normally used to service debt as working capital during the restructuring of the tenant.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast