Indiabulls Housing Finance Company has offloaded large parts of its outstanding in four loans to Deutsche Bank in a string of transactions that helped the company raise Rs 4,000 crore All the four loans are against prime properties such as malls in the Delhi-NCR region and Bengaluru, and rent-generating commercial asset at Bandra-Kurla Complex in Mumbai. The company is expected to close three more big loan securitisation deals with a few private and foreign banks by early December. These are not loan sales or refinance. These are direct assignment deals, where Indiabulls retains a slice of the loan on which it earns full interest while receiving the difference between the interest borrowers pay and the rate that it paid to Deutsche. Such transactions would lower leverage and release some capital for the company without sacrificing future earnings, said an industry source. A week ago, Indiabulls had announced that it had raised Rs 23,700 crore since the financial markets (and NBFCs, in particular) came under stress. Of this, Rs 8,000 crore was through securitisation — Rs 4,000 crore of retail loans and the balance comprising large loan assets.