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Credit Suisse finances Cerberus projects Bravo and Charlie with €675m loan

Credit Suisse has funded a €675m three-year loan to finance Cerberus’ €1.03bn acquisition of two pools of sub-performing Continental European commercial property loans, projects Bravo and Charlie, from Lloyds Banking Group.
By James Wallace
January 14, 2014 | 8:25 P.M.

Cerberus paid 1.032bn in cash in December for the purchase of projects Bravo and Charlie, which had an unpaid balance of circa 500m and 750m respectively excluding swap liabilities, as first revealed by CoStar News.

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