Wednesday, 24 July 2013

Lone Star Big Winner of Portfolio Offered by Orix; CMBS AJ Class Gets Hit

Lone Star Funds was the big buyer of most of the $1.5 billion portfolio of foreclosed real estate and distressed loans that Orix Capital Markets had offered. The Dallas investment manager is said to have taken down some $800 million of the assets that were sold. A big chunk was held by LB-UBS Commercial Mortgage Trust, 2007-C2, which saw its AJ class take a principal loss.

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