EFTA01387157.pdf

The property with its area of appr. 194,000sqm is one of the few available opportunities for expansion of the city and the region of Stuttgart. The land plot is designated as residential area for appr. 3,500 residents, comprising of 60% rental apartments, 14% condominiums and 26% commercial use. SSN Group is a well-known project developer in Germany. Details of the financing: Product: Real estate secured loan agreement or bond instrument Rate of Interest: Senior: [3.00]% p.a., Junior: [9.00]% p.a. Payable quarterly (Step-up of the Interest Rate of 0,50% (Senior) or 2,00% in year 4) Aggregate Nominal Amount: Senior up to EUR 75mn / Junior up to EUR 45mn Maturity: 4 years (3 years initial loan term) Repayment On each interest payment date at a price equal to the sum of all interest payments until the end of year 3 Paying Agent: Deutsche Bank Trustee: Wilmington Trust Facility Agent/ Account Agent: Solutus Market Value: EUR 177.8mn (JLL) LTV Senior (market value): 42.18% LTV Junior (market value): 67.49% The transaction shall close in November 2017. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0089305 CONFIDENTIAL SDNY_GM_00235489 EFTA01387157