Hatfield Philips restructures EUR 72m German loan

Hatfield Philips, Europe's largest independent primary and special servicer, has announced the successful restructuring of the EUR 71.2 mln Berlin Dresden loan. The loan, which is secured on two office buildings in Berlin and Dresden, was transferred to Hatfield Philips earlier this year due to non-repayment at the maturity date. Since the transfer to special servicing, Hatfield Philips negotiated loan restructuring terms with the borrower while concurrently assessing the enforcement options.

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