Windermere XIV Noteholder Meeting - Hatfield Philips

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HATFIELD PHILIPS DISCLAIMER This presentation has been prepared solely for informational purposes and is not to be construed as a solicitation, recommendation or an offer to buy or sell any securities or related financial instruments. Information has not been independently verified or audited. This material must not be copied, reproduced, distributed or passed to others at any time without our prior written consent. This meeting has not been summoned by the Issuer. HPI │ OVERVIEW 2
HATFIELD PHILIPS INTERNATIONAL Hatfield Philips is the preeminent non-captive CMBS Servicer in Europe. Track Record → Hatfield Philips International (“HPI”) is the longest serving non-captive commercial real estate loan servicer in Europe → First rated servicer in the UK, currently rated by both Fitch and Standard & Poor’s for commercial real estate loan servicing in the UK and Continental Europe → Active servicing portfolio consists of 461 loans totalling approximately €25 billion → 46% CMBS Special Servicing market share and extensive experience and track record in working with a diverse array of structured products including CMBS, CDOs and CDS → Since inception, HPI has resolved loans with over €6.5Bn of principal balance → In the past 12 months, HPI completed 11 loan workouts in Special Servicing with a total principal balance of €626M, achieving a gross recovery rate of 78% and an average time to resolution of under 18 months. 4 of the 11 workouts resulted in full payoffs € Billions 25 20 15 10 5 Active Special Servicing - European CMBS Market (1) Loan Market % Market % Special Servicer # Loans Balance * by loan by Balance Hatfield Philips 64 4,954 46% 30% Capita 40 3,659 29% 22% Morgan Stanley 14 1,318 10% 8% Solutus 7 270 5% 2% Hudson 6 669 4% 4% CBRE LS 4 4,799 3% 29% Situs 3 564 2% 3% Citibank 1 3 1% 0% Deutsche Pfandbriefbank 1 267 1% 2% 0 PS Only PS + Active SS Named SS Only PS + Named SS Active SS Only (1) Moody’s EMEA Servicing Report October 31, 2012 *Securitised loan balance is in €MM as per transfer date HPI │ OVERVIEW 3
Page 1: Hatfield Philips International
Page 5 and 6: HATFIELD PHILIPS INTERNATIONAL HPI
Page 7 and 8: Windermere XIV Portfolio Overview
Page 9 and 10: Windermere XIV Loan Reviews
Page 11 and 12: HATFIELD PHILIPS INTERNATIONAL Loan
Page 13 and 14: HATFIELD PHILIPS INTERNATIONAL Loan
Page 15 and 16: HATFIELD PHILIPS INTERNATIONAL Stra
Page 17 and 18: Presentation Follow Up
Page 19: End of Presentation

Windermere XIV Noteholder Meeting - Hatfield Philips

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