2010-2 SFR Venture, LLC
Date Sold: June 25, 2010
Winning Bidder: Turning Point Asset Management, LP
Winning Bid: $27.5 million; 50% equity; 1-to-1 leverage
Cover (second place) Bidder: Residential Credit Solutions, Inc.
Cover Bid: $25.0 million; 50% equity; no leverage; no threshold
Other Bidder Names:
Amherst Funding Group, L.P.
LSF6 Mortgage Acquisitions II,LLC
RoundPoint Mortgage Servicing Corporation
Other Bids - 50% no leverage, no threshold:
Other Bids - 50% 1-to-1 leverage:
- 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 www.fdic.gov/about/freedom/biddocs.html.