Caribbean Property Group and Perella Weinberg in Banco Popular Deal
Caribbean Property Group and affiliates of Perella Weinberg Partners’ Asset Based Value Strategy, have completed the acquisition of a portfolio of non-performing commercial and constructions loans, and commercial and single-family real estate from Banco Popular de Puerto Rico. The portfolio has a combined unpaid principal balance on loans and appraised value of other real estate owned of approximately $995 million and a book value of approximately $540 million.
27 March 2013•3 mins read
