Paul Hastings Represents Capita Asset Services as Servicer on 406 Million Monnet Finance CMBS
London, UK -- Paul Hastings LLP, a leading global law firm, has advised Capita Asset Services (Ireland) Limited and Capita Asset Services (UK) Limited (together, “Capita Asset Services”) as servicer and special servicer on the refinancing of certain loans securitised through the Quokka Finance Plc CMBS. The refinanced loans are securitised by a new €406.1 million CMBS issued by Monnet Finance Ltd. The refinanced loans are secured by a portfolio of mostly German multi-family residential properties in towns and cities including Berlin, Cologne and Nuremberg.
Deutsche Bank and J.P Morgan were the arrangers and lead managers. The issue is split into four classes of CMBS notes with a term of 8 years, maturing in 2021.
Long-standing Paul Hastings client Capita Asset Services is Europe's largest provider of loan services to financial institutions' loan portfolios and securitized pools of commercial mortgage loans.
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