Santander announces commercial real estate loan securitisation

Santander Corporate and Commercial Banking has completed the £917 million securitisation of a portfolio of commercial real estate loans.


The recent deal, a collateralised loan obligation, Red1 Finance CLO 2017-1 Designated Activity Company (Red1), is one of the first post financial crisis synthetic transactions of UK commercial Real Estate assets.

Red1 was specifically structured as a synthetic transaction to allow the portfolio and the servicing to remain with Santander, limiting any impact on clients. All details of assets within the deal are confidential and will not be shared with third parties outside the transaction to ensure we continue to offer all our customers the same level of support and service.

Andrew Whelan, Managing Director, Real Estate Finance said:

As we move into 2018, following a successful year, we are looking forward to strong growth and will be increasing our appetite for real estate lending. Red1 assists us in continuing to support new and existing clients in meeting their financing needs.

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