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Sale Of Property Windfall For Windermere Noteholders July 21, 2010 10:02 PM

Class A noteholders of the £707.76 million ($1.088 billion) U.K. commercial mortgage securitization, Windermere XI, are set for a payout after a successful property sale was completed. Riverview House, which backs the Westville loan, sold for £3.91 million ($6 million), an 11% increase on the property’s valuation 12 months ago. “The deal itself has switched to sequential ...

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