Sareb sold a portfolio of non-performing loans, secured by several residential buildings in Madrid, to Bank of America and Hayfin Capital Management. The package is valued at €70m. According to sources close to the transaction, the buyer got a 50-percent discount. Haya Real Estate and Solvia brokered the deal. Sareb does not have its own sales network but uses the services of the two real estate managers as well as Servihabitat and Altamira Asset Management.
