Santander announces GBP2.8 billion commercial real estate loan securitisation

Santander has announced a GBP2.8 billion commercial real estate loan securitisation. The deal, a collateralised loan obligation - Red2 Finance CLO 2018-1, is a synthetic transaction on a pool of UK commercial Real Estate assets.

Red2 was specifically structured as a synthetic transaction to allow the portfolio and the servicing to remain with Santander, thus limiting any impact on clients. All details of assets within the deal are confidential and will not be shared with third parties outside the transaction.
 
Ian Loveys, Head of Capital Solutions, Corporate & Commercial Banking, says: “We are delighted to have completed our second commercial real estate securitisation. This maintains our position as a market leader in significant risk transfer, efficient capital management and securitisation.
 
“As we move into Q4 2018, and following a successful year to date for our real estate origination team, we have a continued appetite for strong growth. We remain focussed on supporting new and existing clients in meeting their financing needs.”