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Hatfield Philips circumvents Bridge loan replacement threat raising prospect of €340m German office portfolio sale

Hatfield Philips International (HPI) looks to have circumvented the long-running threat to its mandate as special servicer for the Windermere X Bridge Whole Loan after striking a recovery-related deal with B-Loan owner Davidson Kempner, CoStar News understands.
By James Wallace
February 10, 2015 | 9:21 P.M.

Davidson Kempner acquired the second tranche of the nominal out-of-the money 30m B-Loan under the Bridge Senior Loan last summer for a price thought to be in the low millions from a bank.  Around two years ago, the first tranche of the B-Loan was also acquired by Davidson Kempner.

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