Windermere XIV Noteholder Meeting - Hatfield Philips

HATFIELD PHILIPS INTERNATIONAL
WINDERMERE XIV PORTFOLIO OVERVIEW
Portfolio Stats
Portfolio Development
→ The total volume of the Windermere XIV
transaction at origination was €1,111,885,000
and consisted of eight loans
→ The current securitised balance of the portfolio
is €722,200,393 consisting of seven loans (164
properties)
→ One loan (Harbour) paid off in full in 2010
with a balance of €12.3M
→ There is currently one loan in Special Servicing
(Baywatch) with €40.8M of outstanding
principal balance
→ The legal final maturity date for the transaction
is April 2018
1,200,000,000
1,000,000,000
800,000,000
600,000,000
400,000,000
200,000,000
-
2007 2008 2009 2010 2011 2012
# of Loans Outstanding Securitised Balance
10
8
6
4
2
0
Windermere XIV Asset Profile
Loan Name
Current Balance
(€)
# of
Properties
Jurisdiction Property Type Maturity Date Loan Status
Net Lettable
Area
Weighted
Average Lease
Length
Vacancy
Q3 2012
CMSA LTV
Haussmann 256,219,167 1 France Office 15 January 2014 Performing 24,728 1.25 56.30% 60.72%
Fortezza II 252,228,883 11 Italy Office 15 January 2014 Performing 106,382 2.54 6.99% 73.66%
Sisu 110,391,053 137 Finland Various 15 April 2013 Performing 221,569 N/A 32.72% 74.53%
Baywatch 40,763,673 7 Germany Various 15 April 2013 In Special Servicing 58,597 3.22 3.98% 92.23%
Odin 38,930,000 1 Finland Warehouse 15 July 2013 Performing 63,671 3.88 1.05% 68.30%
GSI 36,521,428 1 Germany Office 15 April 2014 Performing 40,530 7.75 0.00% 99.79%
Queen Mary 6,467,767 6 Germany Various 15 January 2013 Performing 21,368 3.36 24.47% 27.72%
HPI │ WINDERMERE XIV PORTFOLIO OVERVIEW 8