Brief: Eurocastle announces investment in two non-performing loan portfolios

Eurocastle Investment

08/12/2015 07:01

Dec 8 (Reuters) - Eurocastle Investment Ltd  ECT.AS : 
    * Acquires or committed to acquire a 25 percent share in two 
portfolios of non-performing loans with a combined Gross Book 
Value (GBV) of about 65 million euros ($70.6 million) from two 
different sellers 
    * Says portfolio 1 has a gross book value of about 18 
million euros of which about 85 percent is secured by first lien 
mortgages 
    * Says portfolio 2 is worth 47 million euros gross book 
value of which 96 percent is secured by first lien mortgages 
 
     
Source text for Eikon:  ID:nHUG5SxDq  
Further company coverage:  ECT.AS  
 
($1 = 0.9204 euros) 
 
 (Gdynia Newsroom) 
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