Cerberus acquired the defaulted loan from Bank of Scotland, the legacy Lloyds Banking Group subsidiary, for a reported £30m, an estimated 68% discount on the nominal £95m unpaid balance on the loan at the time of the sale in 2011.
Cerberus acquired the defaulted loan from Bank of Scotland, the legacy Lloyds Banking Group subsidiary, for a reported £30m, an estimated 68% discount on the nominal £95m unpaid balance on the loan at the time of the sale in 2011.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In