Homburger advised Credit Suisse (Schweiz) on its novel mortgage investment platform

On February 13, 2021, Credit Suisse (Schweiz) launched its innovative mortgage investment platform allowing investors to make standardized and automated investments in a periodically updated portfolio of mortgage loans originated by Credit Suisse (Schweiz). The platform will enable investors to select specific mortgage loans in which they wish to make an investment based on the eligibility criteria agreed upon with Credit Suisse (Schweiz).

Under this novel structure, different investors will be able to invest in mortgage loans that are secured by the same mortgage certificate(s). The investments and the claims thereunder are fully secured by way of a fiduciary security structure. On the day of the launch of the platform, the initial investment in a selected portfolio of mortgage loans by the first participating investor (Swiss Mortgage Umbrella Fund – Swiss Mortgage Fund I) amounted to approximately CHF 1 bn.

The team

Homburger advised Credit Suisse (Schweiz) with respect to all aspects of the structuring, establishment and launch of the platform. The team was led by partners Stefan Kramer (Capital Markets / Financial Market Regulation) and Dieter Grünblatt (Tax) and included associates Alexander Wherlock (Capital Markets / Financial Market Regulation) and Marc Vogelsang (Tax) as well as junior associate Lars Göldi (Financial Market Regulation).