Wendelstein 2024-1 UG: 23 November 2024

The third transaction via the “Wendelstein” label which, as per previous transactions, is a securitisation of German residential mortgage loans originated by BHW Bausparkasse AG, which is a 100% subsidiary of Deutsche Bank AG.

As of 29 November 2024, the portfolio consisted of 63,106 loans extended to 56,457 borrowers. Borrower type: owner-occupied - 80.8%, BTL – 19.2%.

The transaction features a scheduled three year revolving period.