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Loan Sales Announcements
On behalf of the FDIC, DebtX (www.debtx.com) is conducting a sealed bid auction of approximately $22.5 million in loans from multiple receiverships. The majority of assets are from Heritage Bank (FL), for which the FDIC is acting as Receiver.
As part of this sale the FDIC is offering MR1-13-228, a $2.1 million lead participation in a commercial real estate loan secured by a multi-unit retail property located on the Florida panhandle. Lead loan participations are available to FDIC-insured depository institutions only.
The sale contains the following loan types:
For additional information please contact Ken Daley at 617-531-3428.
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 loans, assets or portfolios may be offered "AS IS" and without any representations or warranties of any kind whatsoever by any entity.
FDIC markets loans through the following sales 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.
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