Cerberus signed a contract with Lloyds on Friday night to acquire a pool of non-performing corporate loans secured by 31 hotels throughout the regions for £90m, reflecting a 38.7% discount on the £147m gross unpaid loan balance.
Cerberus signed a contract with Lloyds on Friday night to acquire a pool of non-performing corporate loans secured by 31 hotels throughout the regions for £90m, reflecting a 38.7% discount on the £147m gross unpaid loan balance.
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