Asset-Backed Securities. Belenus Securities PLC

1.         What be the main features of the underlying assets? The underlying assets is a kitty of 427 fixed (71%) - and floating (29%) -rate loans which are generally secured by respective(a) mercenary real nation property types with an unpaid booster personal credit line ease of Ffr 1.5 billion. Features : Loan diversity : principal(prenominal) balances ranges from Ffr 34.000 to Ffr 213 million with an weighted add up amount owed of Ffr 3.6 million. Property Type : The pond is fairly change.         44% Offices / 25% Retail / 12% Hotels / 7% Multifamily / 11% Industrial & angstrom; Warehouse Geographic meanness : most(prenominal) of the assets mainly concentrated in capital of France and the suburbs. Most French portfolios of the same size are believed to have a significant concentration in capital of France, the subordination levels are not affected. Collateral Type is diversified : +/- 81% of loans by principal balance are secu red by a mortgage quick temper on real property,         9.4% are secured by a wassail of parcel out from a commercial real estate company         4.

3% are secured by a third-party guaranty or pledge of business assets          Maturity Dates are diversified :         Ranging from 2 months to 191 months Real estate quality ranged from A (excellent) by C (Average) to E (Poor) :                  0,2 % A / 54,6% B / 34,7% C / 12,6% D Location : Properties determined in France : 32% in Paris : 33% in the Paris Suburbs / 35% in the regions Offices : usually well located Retail : The centres ar! e anchored by supermarkets. Hotels : In Canes and Paris Multifamily : Within Paris and the suburbs, a mixed base of eastern and western locations. 2.         What can you find about the brain of the commercial mortgages ? Originator : Banque SOFAL. SOFAL is a subsidiary of Union Industrielle de cite (UIC), a... If you emergency to get a full essay, order it on our website: BestEssayCheap.com

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