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>> WELLS FARGO Latest News

FEB 25, 2013 - San Francisco Chronicle

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U.S. banks eye Europe property market

U.S. banks eye Europe property market The scarcity of capital means lenders can charge as much as 3.75 percentage points over benchmarks for the safest pieces of commercial mortgage debt, about five times the spread in 2007, according to Alvarez & Marsal, an adviser on real estate transactions. Commerzbank, Germany's second-biggest lender, is shuttering its Eurohypo unit, Dutch lender SNS Reaal is selling its entire $10.5 billion commercial real estate loan portfolio and Irish Bank Resolution Corp. has been liquidated by the government. Citigroup will give commercial mortgages for ... Read More

Tags: U.S. banks eye Europe property market,  Wells Fargo Latest News