Loan Sales Announcements
Sale Announcement: DOR-15-25 Cash Sale
$28.1 Million Loan Sale
On behalf of the FDIC, DebtX (www.debtx.com) is conducting a sealed bid auction of approximately $28.1 million in loans from the Doral Bank (Puerto Rico) receivership.
The $28.1 million portfolio will be offered in several pools. The first is a $15.5 million pool of loans primarily secured by commercial real estate in Puerto Rico. Additional pools will total $6.1 million and consist of loans secured by residential mortgages that are also located in Puerto Rico. The pools are mixed performance with the majority of the loans being non-performing. The remaining assets include two performing CRE loans secured by real estate in Arizona and Florida, which will be offered independently.
For additional information please contact Ken Daley at 617-531-3428.
|Due Dilligence commences||April 15, 2015|
|Bid Date||May 19, 2015|
|Closing Date||June 10, 2015|
This advertisement is an announcement only and does not constitute an offer to sell, or a solicitation of an offer to buy, any loans or any interest therein. Information concerning the loans will be furnished only to persons who demonstrate that they have a level of financial sophistication and resources sufficient to evaluate and bear the risks of an investment in the loans.
The FDIC conducts loan sales with the support of three loan sale advisors. When the FDIC has loans available for sale they may be marketed on one of the loan sale advisors’ websites.
To participate in a loan sale offering, please contact each of the loan sale advisors and request an account be established on the respective website. Each loan sale advisor has its own requirements for granting access. You are encouraged to register so you will receive notice of any FDIC loan sale offering.
First Financial Network (FFN)
Mission Capital Advisors
The Debt Exchange (DebtX)
Additional information on the loan sale process can be found at FDIC: Loan Sales (http://www.fdic.gov/buying/loan/index.html).