LCM acquires €113m mortgage loan book – exclusive

The real estate loan book covers properties in Germany and is a mixture of both performing and non-performing assets.

UK-based credit investment firm LCM Partners has closed the purchase of a €113 million real estate loan book through a secondary transaction.

The identity of the seller has not been disclosed, but it has been confirmed the portfolio is a mixture of performing and non-performing mortgages spread across a number of regions across Germany secured on office, retail outlet and multifamily housing assets.