Presale

Pearl Finance 2020 DAC: Presale Report

CMBS

Summary

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to Pearl Finance 2020 DAC, a securitisation of a EUR 335.4 million senior commercial real estate loan backed by a pan-European portfolio of light industrial and logistics assets managed collectively by Mileway, M7 Real Estate, and Normandie Capital but owned by Blackstone Real Estate Partners. For insight beyond the ratings, see the presale report.

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