188 Views

TPG Real Estate buys stake in $2.5 bln loan portfolio from Deutsche Bank

TPG Real Estate has acquired a majority stake in a $2.5 billion portfolio of high-yield real estate loans from Deutsche Bank’s Special Situations Group. TPG will acquire 75 percent of the portfolio, while Deutsche Bank will retain 25 percent. The portfolio is comprised of 57 performing first mortgage loans on properties in markets across the U.S., primarily in New York and Los Angeles. As part of the deal, a team of 11 origination and risk management professionals from Deutsche Bank’s Special Situations Group has joined a newly created mortgage REIT, TPG Real Estate Finance Trust, that will own the existing portfolio as well as originate new loans to existing and new borrowers.

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget