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Santander completes £2.8bn UK CRE loan securitisation

Santander has completed a £2.8bn commercial real estate loan securitisation via its second synthetic transaction this year on a pool of UK commercial real estate assets.
CoStar News
October 15, 2018 | 4:18 P.M.

The deal, a collateralised loan obligation, Red2 Finance CLO 2018-1, was Santander said specifically structured as a synthetic transaction to allow the portfolio and the servicing to remain with Santander "thus limiting any impact on clients".

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