Cajamar offloads 400 million euros in bad loans for 7,5 M in cash

Local cooperative bank Cajamar has rolled up some 400 million euros in bad loans into one big package and has sold them for seven and a half million euros in cash to Haya Real Estate, a mainly US backed investment vehicle. This is the second big operation with that company for the bank, after it sold Haya its real estate platform “Cimenta2” for 225 million euros last year. The loans in question were all granted Continue reading Cajamar offloads 400 million euros in bad loans for 7,5 M in cash