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Macquarie acquires senior and junior notes from Lone Star

02 Apr 2014

Macquarie acquired all the senior class A2 and junior class B notes in a public issue securitization from Lone Star. The notes are backed by a portfolio of first lien German residential mortgages with a total outstanding principal balance of approx. €300m. The deal exemplifies Macquarie's ability to navigate through complex securitization structures and represents Macquarie's second major investment into the German residential mortgage sector, its fifth portfolio acquisition in Europe and is in line with Macquarie's strategy of expanding its real estate lending book through opportunistic acquisitions of high quality assets.