The Frankfurt office of Mayer, Brown, Rowe & Maw has advised Allgemeine HypothekenBank Rheinboden AG (AHBR) on the sale of a portfolio of private real-estate loans worth €440 million, to Hypothekenbank Essen AG (Essen Hyp). The loan portfolio comprises 4,100 residential loans primarily in North Rhine-Westphalia.
Processing and administration of the portfolio of performing loans will continue to be handled by National-Bank AG, Essen. All loans are performing.
The Mayer, Brown, Rowe & Maw team was led by Dr. Joerg Wulfken and Dr. Simon Grieser (Partner and senior associate, both banking & finance), assisted by Dirk-Peter Flor, Nina Behring, Petra Fendt, Kirsten Pirzkall (banking and finance), Heiko Penndorf (tax), Dr. Hans-Georg Kamann (Partner, antitrust) and Frank David Endebrock (Partner, real estate).
Mayer, Brown, Rowe & Maw previously advised AHBR in relation to the sale of its international real estate financing business to Hypo Real Estate Group, and also on the sale of its US real estate financing business.
Source: Mayer, Brown, Rowe & Maw