Corigin operates across several real estate business lines including real estate development, student housing, multifamily, and a real estate finance platform that directly originates bridge loans and acquires sub-performing and non-performing debt
Case is a commercial real estate investment company active as both a situational lender and purchaser of non-performing debt
and transitional properties.
5 billion in unleveraged capital under management, Karlin focuses on acquiring value added commercial properties, bundled assets as well as performing and non-performing debt
secured by real estate.
The 'troika', as it is known, sees banks' non-performing debt
as a major drag on the economy and that banks must be allowed to recover these loans without impediments.
A continuous effort of providing capital solutions for non-performing debt
to local, regional and national commercial banks and lenders remains the key driver for the firm's success.
In several of the countries most affected by bad loans, the non-performing debt
is linked to real-estate assets that lost value when property bubbles burst, Raiffeisen's Deuber said.
Despite signs of growth in the region, many foreign banks are considering leaving CEE due to perceived lack of opportunity, non-performing debt
and money laundering risk.
He pointed out that KFH's revenues in the last fiscal year rose to more than 932 million dinar, higher than those achieved in 2008, adding that the non-performing debt
has decreased by about 8 percent, reaching 5 percent in 2008.
Up to a third of that could be non-performing debt
, analysts say.
Currently, the net non-performing debt
instruments comprise ~30 percent of net assets.
Of course, many of these arrangements are likely to come at a price to the business and, quite understandably, lenders may use them as opportunities to reprice non-performing debt
(often to counter the impact of negligible base-rates) or to levy fees in recognition of the increased risk that they are taking in providing continued support.
Analysts cite the bank's conservative lending and investment practices, focus on retail banking and customer service and lack of exposure to non-performing debt
as reasons behind its success.