UCI Launches a Spanish Residential Mortgage-Backed Securities Fund

Cuatrecasas advised Unión de Créditos Inmobiliarios (UCI) on setting up RMBS Prado XII, a securitization fund worth EUR 650 million. This transaction will help UCI provide new mortgage loans to individuals for home purchases.

The securitization was classified as Simple, Transparent, and Standardized (STS) under European securitization regulations. It was successfully structured and placed with supranational investors, despite the challenges of the current economic environment. This gives UCI access market liquidity and helps it continue strengthening its position as a leading mortgage lending institution.