C5 Advisors announced the closing of the first proprietary C5 Asset Recovery Company (“ARC5(TM)”) for an $800 million commercial bank client which had no options for public sector assistance. This particular bank client will realize significant benefits not available in the current market via the private or public sector and expects to close additional follow-up ARCs over the next 6 months. C5 is currently structuring ARCs for 12 other banks nationwide (ranging in size from $20-300+ million per ARC5(TM)).
More on Bank Goes From Reluctant Seller to Patient Investor With the First C5 Asset Recovery Company
The ten-year Spanish property boom finally came to an end over 2007, according to figures from Spain’s department of housing (MiV). The 4.8% rise in prices throughout last year may seem like a normal figure compared to other non-booming property markets, but represents a sharp deceleration compared to the powerful rises – of up to 20% – experienced during the boom years.
More on Post-Boom Spanish Real Estate: A Return to Consumer’s Interests
