Main features of the Transaction
The transaction was called in April 2007 | |
Initial Principal Balance | EUR 246,550,000.00 |
Closing Date | June 23, 2005 |
Instruments employed | EUR 246,550,000.00 Commercial Mortgage Backed Floating Rate Notes |
Arranger, Originator, Servicer, | Hypo Real Estate Bank International AG |
Loan Pool | 1 German commercial mortgage loan |
Loan Pool Quality | 109 commercial properties located in 91 German cities with concentration in North Rhine Westphalia (34% of portfolio value) and Baden Württemberg (23% of portfolio value) Distribution by gross rent: office 50%, banking halls 31%, storage 10 %, 68% of gross rental income derived from Deutsche Bank Secured by first ranking mortgages, charges over shares of obligors’ vehicles, charges over borrower’s bank accounts |
Liquidity Facilitiy | At least 6.7% of the outstanding of the Notes |
Ratings | A, X, B, C, D, E, F Notes by Fitch and Standard & Poor’s, |
Listing | A, X, B, C, D, E, F, G Notes at the Irish Stock Exchange |
For more information, please visit the websites of the issuing Rating Agencies:
http://www.fitchratings.com/
http://www.standardandpoors.com/
Offering Circular
Reporting Analysis
Disclaimer
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