Sounds like mortgages doing the soft shoe shuffle...
AMAL integrates Resimac and GSI portfolios into the Botany Loan Trust
14-Aug-2014
AMAL Asset Management Limited has completed the integration of a small-ticket commercial mortgage portfolio recently sold by Resimac, into the Botany Loan Trust.
The Botany Loan Trust was originally established by Deutsche Bank for the purchase of two diversified commercial mortgage portfolios from the receiver of the Banksia Group.
In addition to the Resimac portfolio, AMAL will also integrate the recently purchased Gippsland Secured Investments assets into the trust over the next few months, taking the total portfolio to in excess of $A300 million.
Deutsche Bank and its advisers will leverage off AMAL’s extensive experience and highly-rated servicing platform for portfolio integration, data integrity, transaction processing, reconciliations, documentation and stakeholder reporting.
AMAL will also manage all borrower communications under the Botany Loan Trust brand.