PROSCORE-VR 2005-1
Joining forces with DZ BANK, KfW, and six German cooperative banks, DG HYP launched during 2005. It was the first securitisation to package and place small-sized commercial real estate loans on the capital market.
This was also the first time that risk exposures from the portfolios of various cooperative banks – and of DG HYP – were aggregated and offered to domestic and international investors.
This collateralised mortgage-backed securities (CMBS) transaction was implemented using the tried-and-tested multi-seller structure previously used for RMBS securitisations of retail mortgages.
| PROSCORE-VR 2005-1 | EUR mn | % | number of loans |
|---|---|---|---|
| Total | 734,80 | 100,00 | 3.072 |
| DG HYP | 689,56 | 93,84 | 2.967 |
| Volksbank Weinheim eG | 10,21 | 1,39 | 16 |
| Volksbank Wetzlar-Weilburg eG | 9,98 | 1,36 | 35 |
| Bremische Volksbank eG | 8,27 | 1,13 | 15 |
| Vereinigte Volksbank AG | 6,96 | 0,95 | 14 |
| Vereinigte Volksbank Griesheim- Weiterstadt eG | 6,06 | 0,83 | 18 |
| Raiffeisenbank Oberschleißheim eG | 3,76 | 0,51 | 7 |
Contact
Christian Voss
Portfolio Management & Structured Credit
Phone: +49 (0)40/33 34-36 67
E-Mail: christian.voss(at)dghyp.de
Link
Further information on our securitised transactions can be found here: