DHFL may sell Rs 18,000 crore loans to US company Oaktree Capital MUMBAI: Dewan Housing Finance Corporation (DHFL) is holding talks with US-based Oaktree Capital on offloading wholesale real estate loans worth Rs 17,000-18,000 crore and has signed a nonbinding pact to this effect, said people with knowledge of the matter. DHFL, battling a liquidity squeeze, has about Rs 8,400 crore of loan repayments and securitisation payouts coming up in the next eight weeks, ETreported on May 15.“DHFL has already signed a nonbinding term sheet and is expected to close the deal in the next two weeks,” said one of the persons. The conditions are being worked out and are expected to be finalised soon. DHFL may get an upfront payment of 20-25% with the rest spread across tranches, said one source.A successful deal with Oaktree will pave the way for the sale of stakes in DHFL to a strategic partner, which could be a private equity firm or large financial institution, said the people. Global distressed funds including Cerberus Capital, Lone Star Funds and Piramal Group are in talks to acquire DHFL, ET reported on April 26.69366572 Shares have Tumbled in 8 MonthsDHFL didn’t respond to queries.