Nonperforming Loans
Experienced investor considered ‘Individual stories’ and reached yet high yields Neubiberg, 05.10.2011. The business is not really known. And yet a billion dollar market, in which many German and international banks move. The speech is of non-performing loans (NPL’s), so performance-impaired loans that make creating banks for many years. They want banks as quickly as possible from their balance sheets, write it off, and then offer them in a particular market segment to extremely favourable conditions. “The buyers of these loans were usually called” locusts in the past”, the tried, the best to make the respective treaties. This picture has changed dramatically, because at least we try to fulfil our social obligation and socially responsible manner to resolve the contracts”, explains Karsten Dairek Keune as Managing Director of NPL investor GmbH & co. First KG.
Still, high margins are in this business to achieve the implementation of an as Allow investment to refinance. The range of funds that is recently in the placement, has a volume of 25 million euro. A participation is possible from 10,000 euros plus five per cent premium. Placement should be completed at the end of next year at the latest. The variable and selectable Fund maturities are particularly interesting. These are between four and ten years after closure. We are searching for the demand of many customers do the a reasonable investment horizon,”, explains Managing Director of NPL Keune.
As more funds, a private placement and a savings fund are tight before the completion and approval. Basically sees the Fund concept of NPL investor GmbH & co. First KG the reinvestment of profits before. However, it is possible to remove the 40 percent of the profits. Internally, the Fund management calculated depending on of the runtimes with yields between 10 and 15 percent. A very conservative approach, which leaves room for us to the top, “where we look largely to secured loans focus”, Keune said. This refers to such loans, which are secured, so exercised mainly with real estate. While a win situation arises from the resolution of performance-impaired loans in real implementation for all involved. Banks get more leeway on refinancing (keyword: Basel 3) through the sale. The debtor through a partially remaining debts the chance unencumbered to start, then there are no further claims. And the Fund has the opportunity to achieve the corresponding profit for investors at reasonable purchase prices. The management places special importance on the equitable resolution of performance-impaired loans. This close cooperation with the Garden City society Hellerau AG, founded in 1908 and their professionals as servicing partners takes place.
Walton Assetpools
“Therefore was the end of land management last year launched participation Walton premium I” successfully closed with a volume of about 15 million US dollars to June 30. “The two plots already acquired for the Fund Hampe Nellie”, in a very good location between the cities of Austin and San Antonio in the U.S. State of Texas, as well as liberty Park “, in the northeast of metropolitan Atlanta in Georgia, show that the strategy of diversifying Assetpools in response to the crisis has been fully. So, Walton could in the case of liberty Park”take advantage of favour of the crisis, the already partly developed and constructed plot from a bankruptcy out significantly below market value purchase. The advanced state of development of this enclosed residential complex makes this a fast development of the rest of the land area and land possible.
In the form of lucrative single plots show while in Atlanta the opportunities of the market area, it was a contiguous land area of around 8,000 acres (3.237 HA) Walton in the Austin San Antonio region by the crisis possible, purchase also Hampe Nellie to the “. Walton is the main planning partner in the communities for the future development of the region through an all-encompassing sustainable master plan by this size. Each of our markets has its individual strategic success story, which is based on a high, based on years of research expertise. So also the third project is already largely and excellently complements the portfolio”, Nagy said. It is an area in a central location of Washington, where adjacent already extremely high-quality townhouses are created and linked directly to various recreational areas (golf course, playground). The goal provided for in the prospectus in terms of risk diversification could thus be fulfilled as expected. We achieved this result measured to the difficult environment for our market segment, still a success”, explains Karl Benno Nagy as Walton Europe’s Managing Director. Walton was in the German market since the beginning of the year 2007 a total of 150 million $ can and US dollar equity realize currently looked after – ten Fund distributed – 6,000 investors.
Their care is ensured through the Hamburg Office also in the coming years and intensified. “The number of investors, the resonance in the press and also the attention in scientific literature make it clear that the firing of Walton” fully established in the German market is. On this basis and with the seriousness of our 30-year history of the company we now see the opportunity to tap into another market segment, with respect and sensitivity because while sales among residential customers has diminished in the last year, especially institutional investors, family offices recognize and Foundations, the market entry conditions excellent due to the weak dollar and the low real estate prices,”said Nagy. We offer concepts in Canada and the United States will individually tailored to this audience, for the more than 60,000 acres (24.281 hectares of) land in the best locations of the growth markets of North America available available to us. We are making our future customers in addition to the already well-known projects of farmland now increasingly development projects in Canada to building land available and, as Nagy complemented of course as so far by our own involvement on each project side by side with the investor.