Bid Summary
Multibank 2009-1 CML-ADC Venture LLC
Date Sold: February 9, 2010
Winning Bidder: Rialto Capital Management, LLC
Winning Bid: $71.9 million; 40% equity; Combined; 1-to-1 leverage
Cover Bid: AIGL Development Corporation (East Pool Leveraged) - $14.0 million
Cover Bid: Blue Rock G-8 Capital Fund, LLC (West Pool Leveraged) - $38.8 million
Other Bidder Names:
Asset Management Services Enterprises
Colony Capital Acquisitons, LLC
LNV Corporation
Obsidian Finance Group, LLC
PH Management, LLC
PMO Loan Acquisiton, LLC
Silver Leaf Financial, LLC
Turner Opportuity Fund I, LP
Other Bids - Combined No Leverage
$8.0 million
$17.9 million
$21.7 million
Other Bids - East Pool Leveraged
$7.9 million
Other Bids - West Pool No Leverage
$32.6 million
Other Bids - West Pool Leveraged
$17.2 million
$19.7 million
$20.8 million
$21.2 million
$29.0 million
$33.0 million
$47.9 million
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 and cover bids.
- The cover bid is the second best bid after excluding all bids submitted by the winning bidder.
- There are more bids than bidders because one or more bidders submitted more than one bid.
- For more information on the bid disclosure policy, see www.fdic.gov/about/freedom/biddocs.html.