Germany's Eurohypo AG, which is owned by Commerzbank AG (CBK.XE) in which the German government still holds a 25% stake, closed a deal on selling a $760 million loan portfolio, Jones Lang LaSalle Capital Markets, who carried out the deal, said late Monday. MAIN FACTS: -U.S. Bancorp (BKJ), Wells Fargo Bank (WFC) and Blackstone Group (BX) purchased Eurohypo's portfolio of 13 loans in major U.S. markets. -Commerzbank's Eurohypo closed the sale of $760 million in loans, secured by a portfolio of office, retail, industrial and multifamily assets located in major markets around the US. -Jones Lang LaSalle's Capital Markets, which carried out the deal, said Monday US Bancorp, Wells Fargo Bank and Blackstone Group purchased the 13 floating-rate, performing loans for a collective price in the mid-90s (as a percentage of par). - The Jones Lang LaSalle team led the transaction, along with Managing Director Jere Lucey and Senior Vice Presidents Dustin Stolly and Maggie Coleman. -"The U.S. market for loan sales has matured significantly over the past several years; the low discount to par we were able to achieve on this sale is proof of that," said Managing Director and Global Loan Sales Leader Peter S. Nicoletti. "This portfolio was high-quality, seasoned paper that offered these investors an opportunity to acquire a significant performing loan portfolio." -The notes were collateralized by a diverse pool of high quality assets across a broad spectrum of product types including office, retail, multifamily, industrial and land. The portfolio's significant New York concentration was complemented by loans collateralized by assets located in top-tier metropolitan markets including San Francisco, Boston, Miami, Houston and Chicago. -The Jones Lang LaSalle Special Asset Services and Loan Sale team has valued, sold and/or advised on more $39.4 billion of commercial real estate loans since 2010. -Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com
