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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Loan Sales Announcements



PRELIMINARY ANNOUNCEMENT: CRE 2014-1 DC Multibank Cash Sale

$206MM All Cash Loan Sale - Sealed Bid Auction
Commercial Real Estate Loan Portfolio

The Federal Deposit Insurance Corporation (the “FDIC”) in its capacity as Receiver for various failed financial institutions (the “Receiver”) is proposing to enter into the competitive sealed-bid auction (the “Proposed Loan Sale”) of a portfolio of Commercial Real Estate Loans. As part of the Proposed Loan Sale, the Receiver will sell an approximately $206 million (unpaid principal balance (“UPB”)) portfolio (the “Portfolio”) of loan assets (the “Assets”) to potential investors. The Assets will consist primarily of commercial real estate mortgage (“CRE”) loans. Assets will be divided into three pools (each a “Pool”) and two sub-pools (each a “Sub-Pool” or “Sub- Pools”). The Receiver will transfer each Pool to the winning bidder for that Pool unless the same winning bidder is awarded multiple Pools. The size and composition of the Portfolio (and any Pools or Sub-Pools) are subject to change.

Transaction Overview: The Receiver will transfer the respective Pool or Pools directly to the winning bidder(s) with no ongoing responsibilities to the Receiver. The Pool or Pools will be transferred on an “as-is, where is” without representations and warranties as further provided in the Loan Sale Agreement and all other transaction documents (collectively, “Transaction Documents”).

The collateral for the Assets (based on the UPB of the CRE loans) is located in 19 states with Texas (58.1%), Pennsylvania (12.2%), Virginia (8.1%), Maryland (5.0%) and Connecticut (3.6%) representing approximately 87.0% of the total Portfolio.

Two performing Pools (the “Performing CRE Pools”) include 84 Assets of the Portfolio, representing approximately $42.6 million UPB (20.6% of the Portfolio). One Performing CRE Pool is comprised of 14 Assets and approximately $11.4 million UPB with the collateral located entirely in Pennsylvania (the “Pennsylvania CRE Performing Pool”). The other Performing CRE Pool (the “Multi-State CRE Performing Pool”) is comprised of 70 Assets and approximately $31.3 million UPB with the collateral located in 12 states with Virginia (47.4%), Connecticut (17.3%), Texas (7.2%), Maryland (6.3%) and Georgia (4.5%) representing approximately 82.7% of the total Multi-State CRE Performing Pool.

Ninety-seven Assets included in the Portfolio, representing approximately $163.7 million UPB (79.3% of the Portfolio), are included in the nonperforming pool (the “Nonperforming CRE Pool”). The collateral for the Assets included in the Nonperforming CRE Pool is located in 12 states with Texas (71.9%), Pennsylvania (10.2%), Maryland (5.1%) and North Carolina (4.1%) representing approximately 91.3% of the total Nonperforming CRE Pool.

In addition, there are two Sub-Pools within the Nonperforming CRE Pool. The first Sub-Pool (the “Hospital Sub-Pool #1”) is comprised of four Assets included in the Portfolio, representing approximately $62.5 million UPB (30.3% of the Nonperforming CRE Pool). The collateral in this Sub-Pool is secured by a hospital near Dallas, Texas. The second Sub-Pool (the “Hospital Sub-Pool #2”) is comprised of five Assets included in the Portfolio, representing approximately $39.9 million UPB (19.4% of the Nonperforming CRE Pool). The collateral in this Sub-Pool is secured by an operating hospital outside of Houston, Texas as well as a closed hospital outside of Houston, Texas.

The purchase of Assets, involves substantial risk, and Prospective Bidders should, along with their advisors, undertake such investigations as they deem advisable to evaluate the risks associated with such purchase.

Participation by Minority-and Women-Owned Businesses: To ensure diverse participation in the Proposed Transaction, the FDIC welcomes and strongly encourages the inclusion of minority-and women-owned businesses as investors or partners in and asset managers for Prospective Bidders in the Proposed Transaction.

Qualification Process: To qualify to submit a bid in the Proposed Transaction, Prospective Bidders must successfully complete the Qualification Process. The Qualification Process can be summarized as follows:

Prospective Bidders who have received this Preliminary Announcement must post a $50,000 deposit. Prospective Bidders must also submit a signed Purchaser Eligibility Certification and Confidentiality Agreement.

Prospective Bidder Inquiries and Contacts: All inquiries or contacts regarding the Proposed Transaction are to be directed to the Financial Advisors. For more information, please contact:

Cushman & Wakefield
Attention: John Howley, Executive Vice President
Telephone: (703) 847-2733
Telecopier: (703) 847-2783
E-mail: John.Howley@cushwake.com


KEY DATES

Bidder Due Diligence March 24, 2014 - April 23, 2014
Cut-Off Date April 11, 2014
Bid Deadline April 23, 2014
Closing Date May 2, 2014

This Preliminary Announcement is not an offer to sell or a solicitation of an offer to buy any Assets or interest therein. Further information concerning the Proposed Transaction will be furnished only to, and bids will be accepted only from, Prospective Bidders who certify that they have such knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks, and the resources to bear the risks, of a purchase of the Assets and who meet the other criteria required to become a qualified bidder. The purchase of Assets, involves substantial risk, and Prospective Bidders should, along with their advisors, undertake such investigation as they deem advisable to evaluate the risks associated with such purchase. No representation or warranty, whether express, implied, by operation of law or otherwise, is being provided with respect to the accuracy or completeness of any information contained in this Preliminary Announcement. All terms, conditions and information contained in this Preliminary Announcement are subject in all respects to the final transaction documents for the Proposed Transaction. This Preliminary Announcement is directed solely to the party to whom it was transmitted and should not be reproduced or retransmitted in whole or in part. Neither the Receiver, the FDIC nor any Financial Advisor is acting as an advisor, fiduciary or representative of any Prospective Bidder, and none of the Receiver’s, the FDIC’s or the Financial Advisors’ communications constitute financial, investment or other advice of any kind to a Prospective Bidder. None of the Receiver, the FDIC or any Financial Advisor has investigated or verified independently any information contained in this Preliminary Announcement.




OFFERING ANNOUNCEMENT: BOU-14-23, BOU-14-27, BOU-14-228 and BOU-14-229

$174MM Performing and Non-Performing
C&I, Agricultural, Residential and CRE Loans and Loan Participations


On behalf of the Federal Deposit Insurance Corporation (FDIC) as Receiver for The Bank of Union, El Reno, Oklahoma, First Financial Network, Inc.(www.ffncorp.com) is pleased to announce Offerings BOU-14-23, BOU-14-27, BOU-14-228 and BOU-14-229.

The portfolios consist of 520 performing and non-performing loans and loan participations totaling approximately $174 million. Collateral types include business assets, agricultural, assignments, residential, auto, land and various commercial real estate. Collateral properties are located primarily in Oklahoma.

Access to online due diligence for Offerings BOU-14-23 and BOU-14-229 is open to all bidders that meet FDIC's requirements for Level II information. All bidders participating in Offering BOU-14-27 must also certify that they are an agricultural lender. Only FDIC insured institutions will be permitted to purchase the lead participations in BOU-14-228. To review the requirements to access Level II information, please click here FDIC Level II Requirements

For information regarding this offering, please visit www.ffncorp.com or contact FFN's Investor Relations team at IR@ffncorp.com or 405-748-4100.


KEY DATES

Investor Due Diligence April 7, 2014 - May 6, 2014
Bid Date May 6, 2014 - 12:00 pm CST
Closing Date May 22, 2014

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.




The FDIC conducts loan sales with the support of three loan sale advisors. When the FDIC has loans available for sale they may be marketed on one of the loan sale advisors’ websites.

To participate in a loan sale offering, please contact each of the loan sale advisors and request an account be established on the respective website. Each loan sale advisor has its own requirements for granting access. You are encouraged to register so you will receive notice of any FDIC loan sale offering.

Additional information on the loan sale process can be found at FDIC: Loan Sales (http://www.fdic.gov/buying/loan/).