A Deutsche Bank report over the restructuring of a $325 million loan on a Manhattan office building has touched off a dustup in the tight-knit world of commercial mortgage-backed securities.
Banks such as Goldman Sachs, Deutsche Bank and J.P. Morgan are weighing bids, while other lenders are looking to finance offers from private-equity firms.
In one of the largest single-lender loans since the property crash, the property arm of Allianz agreed to provide $458.8 million toward the purchase of Deutsche Bank’s Frankfurt headquarters.
One of the bright spots for BayernLB is Deutsche Kredit Bank, a unit with roots in communist East Germany, which dominates the apartment building and management business in eastern Germany.