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Bid Summary
2010-2 SFR Venture, LLC
Date Sold: June 25, 2010
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Winning Bidder:
Turning Point Asset Management, LP
Winning Bid:
$27.5 million; 50% equity; 1-to-1 leverage
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Cover (second place) Bidder: Residential Credit Solutions, Inc.
Cover Bid: $25.0 million; 50% equity; no leverage; no threshold
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Other Bidder Names:
Amherst Funding Group, L.P.
LSF6 Mortgage Acquisitions II,LLC
RoundPoint Mortgage Servicing Corporation
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Other Bids - 50% no leverage, no threshold
$18.1 million
$20.3 million
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Other Bids - 50% 1-to-1 leverage
$18.6 million
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Notes:
- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and cover bid.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.
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