Joint venture transactions are the sale of equity interests in newly formed entities through the use of private/public partnerships. These transactions utilize the asset management expertise of the private sector while the FDIC as receiver retains an equity (or in some cases a participation) interest in all future cash flows generated by the workout of the assets over time. Future expenses and income are shared based on the percentage of ownership of the private sector equity partner and the FDIC as receiver.
To see key sale date transaction documents, click on the "Documents" link below the Sale ID.
To see Financing Information for Sales that were financed, click on the "Financing Information" link below the Sales ID.
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| Sale ID | Date Sold | Loan Type | Quality | # of Loans | Book Value (Millon) | % of Equity Sold | Price Paid for Equity (Millon) | Leverage | Implied Value of Managing Partner Equity | Winning Bidder | Address |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SIG RCRS A/B MF 2023 Venture LLC Documents | December 20, 2023 | Rent Controlled/Rent Stabilized Multifamily | Performing and Non-Performing | 1,370 | $9,016 | 20% | $1,086 | N/A | 60.2% | Santander Bank, N.A. (SBNA Investor LLC) | 75 State St., Boston, MA 02109 |
| SIG RCRS C MF 2023 Venture LLC Documents | December 15, 2023 | Rent Controlled/Rent Stabilized Multifamily | Performing and Non-Performing | 664 | $4,305 | 5% | $129 | N/A | 60.1% | Community Preservation Corporation (Sig-23 Private Owner LLC) | 220 East 42nd St., 16th Fl, New York, NY 10017 |
| SIG RCRS D MF 2023 Venture LLC Documents | December 15, 2023 | Rent Controlled/Rent Stabilized Multifamily | Performing and Non-Performing | 204 | $1,490 | 5% | $42 | N/A | 56.0% | Community Preservation Corporation (Sig-23 Private Owner II LLC) | 220 East 42nd St., 16th Fl, New York |
| SIG CRE 2023 Venture LLC Documents Financing Information | December 14, 2023 | Commercial Real Estate | Performing and Non-Performing | 2,670 | $16,809 | 20% | $1,210 | 1 to 1 | 72.0% | Blackstone Inc. (Hancock JV Bidco LLC) | c/o Blackstone Real Estate, 345 Park Ave., New York, NY 10154 |
| CRE/ADC VENTURE 2013-1, LLC Documents Financing Information | October 17, 2013 | CRE/ADC | Performing and Non-performing | 415 | $199 | 20% | $23 | N/A | 56.63% | Colony Capital (ColFin 2013-1 CRE ADC Holdco, LLC) | c/o Colony Capital LLC, 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
| CRE/ADC VENTURE 2012-1, LLC Documents Financing Information | December 11, 2012 | CRE/ADC | Performing and Non-performing | 493 | $291 | 40% | $28 | 1 to 1 | 48.5% | Colony Capital Advisors (ColFin 2012-1 CRE ADC Funding, LLC) | c/o Colony Capital LLC, 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
| 2012-SIP-1 Venture, LLC Documents | October 18, 2012 | CRE/ADC | Performing and Non-performing | 93 | $166 | 25% | $24 | N/A | 57.5% | Tennessee Loan Acquisition Venture, LP | c/o Sabal Financial Group, L.P. 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 |
| 2011-SIP-2 Venture, LLC Documents Financing Information | January 11, 2012 | CRE/Commercial ADC/ Residential ADC | Sub/Non-performing | 62 | $101 | 25% | $14 | N/A | 53.8% | Mariner Real Estate Partners III, LLC | c/o MREC Funding, LLC, 4200 W. 115th Street, Ste 100, Leawood, Kansas 66211 |
| ADC VENTURE 2011-2, LLC Documents Financing Information | December 20, 2011 | Commercial ADC and Residential ADC | Sub/Non-performing | 102 | $196 | 40% | $13 | N/A | 16.9% | Oak Tree Capital | c/o Sabal Financial Group, L.P. 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 |
| CRE VENTURE 2011-2, LLC Documents Financing Information | December 13, 2011 | Commercial Real Estate | Sub/Non-performing | 311 | $359 | 40% | $27 | 1 to 1 | 38.8% | Colony Capital Advisors (Colfin 2011-2 CRE Funding, LLC) | c/o Colony Capital LLC 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
| SFR VENTURE 2011-1, LLC Documents Financing Information | September 1, 2011 | Single Family Residential | Sub/Non-performing | 1,453 | $282 | 40% | $28 | 1 to 1 | 49.1% | MountainView Public Private Investment I, LLC | 999 18th Street, Suite 1001 Denver, CO 80202 |
| CADC/RADC 2011-1 VENTURE LLC Documents Financing Information | August 24, 2011 | Commercial ADC and Residential ADC | Sub/Non-performing | 508 | $386 | 50% | $30 | 1 to 1 | 31.7% | Acorn Loan Portfolio Private Owner VI, LLC (OakTree) | c/o Sabal Financial Group, L.P. 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 |
| CRE VENTURE 2011-1, LLC Documents Financing Information | August 10, 2011 | Commercial Real Estate | Sub/Non-performing | 758 | $607 | 40% | $65 | 1 to 1 | 55.0% | Colony Capital Acquisitions, LLC | c/o Colony Capital LLC 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
| 2011-SIP-1 RADC Venture, LLC Documents Financing Information | August 4, 2011 | Residential ADC | Sub/Non-performing | 97 | $139 | 25% | $15 | N/A | 43.0% | HRC SVC Pool II Acquisition LLC | c/o Hudson Realty Capital LLC, 250 Park Avenue South, Third Floor New York, NY 10003 |
| 2011-SIP-1 CRE/CADC Venture, LLC Documents Financing Information | August 4, 2011 | Commercial Real Estate and Commercial ADC | Sub/Non-performing | 116 | $158 | 25% | $26 | N/A | 64.9% | Acorn Loan Portfolio Private Owner IV, LLC | c/o Sabal Financial Group, L.P. 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 |
| RADC/CADC 2010-2 Venture, LLC Documents Financing Information | January 27, 2011 | Residential/ Commercial ADC | Sub/Non-performing | 1,505 | $817 | 50% | $48 | 1 to 1 | 24.1% | Colony Capital Advisors (Colfin 2011 ADC Funding, LLC) | 2450 Broadway, 6th Floor Santa Monica, CA 90404 |
| North CRE 2010-2 Venture, LLC Documents Financing Information | December 15, 2010 | Commercial Real Estate | Sub/Non-performing | 557 | $204 | 40% | $11 | 1 to 1 | 27.5% | Colony Capital Acquisitions, LLC | 2450 Broadway, 6th Floor Santa Monica, CA 90404 |
| West CRE 2010-2 Venture LLC Documents Financing Information | December 15, 2010 | Commercial Real Estate | Sub/Non-performing | 198 | $137 | 40% | $16 | 1 to 1 | 61.2% | Colony Capital Acquisitions, LLC | 2450 Broadway, 6th Floor Santa Monica, CA 90404 |
| West RADC 2010-2 Venture LLC Documents Financing Information | December 7, 2010 | Residential ADC | Sub/Non-performing | 761 | $279 | 40% | $12 | 1 to 1 | 22.7% | Cache Valley Bank | 101 North Main Street Logan, Utah 84321 |
| South CRE Venture 2010-2, LLC Documents Financing Information | December 2, 2010 | Commercial Real Estate | Sub/Non-performing | 110 | $102 | 40% | $4 | 1 to 1 | 18.3% | Hudson Realty Capital Fund V LP | c/o Hudson Realty Capital LLC, 250 Park Avenue South, Third Floor New York, NY 10003 |
| 2010-3 SFR VENTURE, LLC Documents Financing Information | November 30, 2010 | Single Family Residential | Sub/Non-performing | 3413 | $603 | 40% | $42 | 1 to 1 | 35.0% | RoundPoint Mortgage Servicing Group | 5032 Parkway Plaza Boulevard, Suite 200, Charlotte, NC 28217 |
| 2010-1 RADC/CADC VENTURE, LLC Documents Financing Information | August 26, 2010 | Residential/ Commercial ADC | Sub/Non-Performing | 1,062 | $762 | 40% | $52 | 1 to 1 | 34.7% | Mariner Real Estate Partners, LLC | C/O MREC Funding, LLC, 4200 W. 115th Street, Ste 100, Leawood, Kansas 66211 |
| AMT CADC VENTURE, LLC Documents Financing Information | July 21, 2010 | Commercial ADC | Sub/Non-Performing | 279 | $1,703 | 40% | $137 | 1 to 1 | 40.8% | PMO Loan Acquisition Venture, LLC (OakTree Capital) | C/O Milestone Asset Resolution Company, LLC, 1775 I Street, 8th Floor, Washington, DC 20006 |
| AMT NP SFR VENTURE, LLC Documents Financing Information | July 9, 2010 | Single Family Residential | Non-Performing | 3,755 | $898 | 40% | $66 | 1 to 1 | 37.4% | RCS/RBS/Carval | 4282 N. Freeway, Fort Worth, TX 76137 |
| 2010-1 CRE VENTURE, LLC Documents Financing Information | July 2, 2010 | Commercial RE | Sub/Non-performing | 1,660 | $1,849 | 40% | $218 | 1 to 1 | 59.9% | Colony Capital Acquisitions, LLC | 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
| 2010-2 SFR VENTURE, LLC Documents | June 25, 2010 | Single Family Residential | Sub/Non-performing | 1,456 | $314 | 50% | $28 | 1 to 1 | 35.4% | Turning Point Asset Management, LP | 2180 Garnet Avenue, Suite 2E, San Diego, CA 92109 |
| 2010-1 SFG VENTURE LLC Documents Financing Information | May 18, 2010 | Commercial RE, Construction and ADC | Sub/Non-performing | 57 | $421 | 40% | $68 | 1 to 1 | 82.3% | Square Mile Capital LLC | 450 Park Avenue, Fourth Floor, New York, NY 10022 |
| MULTIBANK 2010-1 SFR VENTURE, LLC Documents Financing Information | April 1, 2010 | Single Family Residential | Sub/Non-performing | 3,373 | $491 | 50% | $34 | 2 to 1 | 41.8% | Roundpoint Capital Group | 5032 Parkway Plaza Blulevard, Suite 200, Charlotte, NC 28217 |
| MULTIBANK 2009-1 CML-ADC VENTURE, LLC Documents Financing Information | February 9, 2010 | Commercial ADC | Sub/Non-performing | 345 | $799 | 40% | $72 | 1 to 1 | 45.7% | Rialto Capital Management LLC | 700 NW 107 Avenue, Suite 400, Miami, FL 33172 |
| MULTIBANK 2009-1 RES-ADC VENTURE, LLC Documents Financing Information | February 9, 2010 | Residential ADC | Sub/Non-performing | 5,166 | $2,253 | 40% | $172 | 1 to 1 | 38.6% | Rialto Capital Management LLC | 700 NW 107 Avenue, Suite 400, Miami, FL 33172 |
| MULTIBANK 2009-1 CRE VENTURE, LLC Documents Financing Information | January 7, 2010 | Commercial Real Estate | Sub/Non-performing | 1,184 | $1,028 | 40% | $91 | 1 to 1 | 44.7% | Colony Capital Acquisitions LLC | 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
| CORUS CONSTRUCTION VENTURE, LLC Documents Financing Information | October 16, 2009 | Commercial Construction | Sub/Non-performing | 101 | $4,402 | 40% | $551 | 1 to 1 | 61.9% | Starwood (Northwest Operating Company) LLC | 60 Columbus Circle, 18th Floor, New York, NY 10023 |
| FRANKLIN VENTURE, LLC Documents Financing Information | September 30, 2009 | Single Family Residential | Sub/Non-performing | 5,475 | $1,320 | 50% | $64 | 6 to 1 | 64.8% | Residential Credit Solutions, Inc. | 4282 N. Freeway, Fort Worth, TX 76137 |
| INDYMAC VENTURE, LLC Documents | March 19, 2009 | Consumer Construction, Homebuilder Construction, Lot Loans | Sub/Non-performing | 3,044 | $1,652 | 20% | $54 | N/A | 16.4% | OneWest Ventures Holdings LLC | 888 East Walnut Street, Pasadena, CA 91101-7211 |
| FNBN-CMLCON I LLC Documents | February 20, 2009 | Commercial Construction | Sub/Non-performing | 147 | $702 | 20% | $41 | N/A | 29.2% | Diversified Business Strategies | SGH FNB Ventures, LLC, c/o Sorenson Group Management, LLC, 4393 Riverboat Rd, Ste 450, Salt Lake City, UT 84123 |
| FNBN-RESCON I LLC Documents | February 5, 2009 | Residential Construction | Sub/Non-performing | 520 | $733 | 20% | $32 | N/A | 22.0% | Stearns Bank | FNBN RESCON I LLC, 4191 2nd Street South, St. Cloud, MN 56301 |
| ANB VENTURE, LLC Documents | January 12, 2009 | ADC | Sub/Non-performing | 1,112 | $1,120 | 20% | $20 | N/A | 9.0% | Kingston Management Services | c/o KMS SPE, LLC, 477 Shoup Ave., Ste. 207, Idaho Falls, ID 83402 |
| FNBN I, LLC Documents | December 29, 2008 | Single Family Residential | Sub/Non-performing | 2,829 | $558 | 20% | $43 | N/A | 38.6% | PennyMac | PNMAC Mortgage Co., 27001 Agoura Rd, Ste 350, Calabasas, CA 91301 |
| MSMC VENTURE, LLC Documents | May 6, 2008 | Single Family Construction & Lot Loans | Sub/Non-performing | 798 | $146 | 40% | $19 | N/A | 32.8% | Gulf Coast Bank & Trust | c/o Gulf National One, LLC 200 St. Charles St., New Orleans, LA 70130 |