Lone Star and JPM close in on Commerzbank portfolio

The Dallas-based group and investment bank JPMorgan are poised to acquire a CRE loan portfolio with a face value of more than €4.3bn put up for sale by Commerzbank, according to reports.

Lone Star Funds and JPMorgan are reportedly in pole position to acquire a portfolio of Spanish property loans for up to €3.9 billion.  

German lender Commerzbank is offloading the loan portfolio at a discount, Reuters reported, with the final purchase price likely to be between €3.7 billion and €3.9

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