Dutch merchant bank NIBC has closed a EUR 493.6 mln multi-borrower Commercial Mortgage Backed Securities (CMBS) transaction. The transaction named Mesdag (Charlie) is the fifth CMBS arranged by NIBC, and the third from its Mesdag conduit programme.
Dutch merchant bank NIBC has closed a EUR 493.6 mln multi-borrower Commercial Mortgage Backed Securities (CMBS) transaction. The transaction named Mesdag (Charlie) is the fifth CMBS arranged by NIBC, and the third from its Mesdag conduit programme.
Via the CMBS, a broad group of institutional investors provided financing for nine loans originated by NIBC to clients over the last two years. The loans are secured by 149 properties, worth a total of EUR 667.7 mln, in the Netherlands and Germany. The property portfolio contains residential units, offices and mixed use buildings.
NIBC said the transaction supports its strategy of strengthening its position in the commercial real estate market.
