Loan Sales Announcements
OFFERING ANNOUNCEMENT: FNE-13-23
US$127 Million Performing and Non-Performing Loans
On behalf of FDIC, DebtX (www.debtx.com) is conducting a sealed bid auction of approximately $127 million performing and non-performing loans from First National Bank, Edinburg (TX). The sale contains the following loan types with collateral primarily located in Northern Mexico:
For additional information in English or Spanish, please contact Ken Daley at (617) 531-3428 or Stephanie Liao at (617) 531-3409.
|Due Diligence commences||October 30, 2013|
|Bid Date||December 4, 2013|
|Closing Date||December 20, 2013|
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.
FDIC markets loans through the following sales advisors:
First Financial Network
DebtX, The Debt Exchange
Mission Capital Advisors
When FDIC has loans available for sale they will be assigned to one of the three loan sale advisors and the loans will be marketed on their respective websites. The loan sale advisors will provide approved bidders information on the loan pool(s) being offered for sale. Each advisor has the ability to offer both electronic due diligence on their website and hard copy due diligence. Each of their websites has an internet bid platform where bids on FDIC loan sales will be submitted.
If you are interested in participating in a loan sale offering, you are recommended to contact each of the loan sale advisors and request an account on their web site. Each advisor has their own requirements for granting access to their site. You are encouraged to make application so you will receive notice of any FDIC loan sale offering.