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Structured Loan Sales
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These transactions are the sale of assets through the use of private/public partnership transactions. These
structured sales utilize
the asset management expertise of the private sector, while retaining
for the FDIC a participation interest in all future cash flows generated
by the workout of the assets over time. The future expenses and income
will be shared on the percentage ownership to the purchaser and the
FDIC.
For more information, please see the FDIC Public/Private
Partnership Transaction Fact Sheet
For a complete list of documents,
click on Sale ID
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Sale ID |
Site Name |
Date Sold |
Loan Type |
Quality |
No. of Loans |
Book Value |
Interest Sold |
Sales Price |
Winning Bidder |
Address |
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1 |
MSMC VENTURE LLC |
WDC |
5/6/08 |
Single
Family Construction & Lot Loans |
Sub/ Nonperforming |
733 |
$145,639,886 |
$58,255,954 |
$19,107,000 |
Gulf Coast Bank & Trust |
c/o Gulf National One, LLC 200 St. Charles St., New Orleans, LA 70130 |
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2 |
FNBN I LLC |
WDC |
12/29/08 |
Single
Family Residential |
Sub/ Nonperforming |
2,829 |
$560,526,522 |
$112,105,304 |
$43,237,216 |
PennyMac |
PNMAC Mortgage Co., 27001 Agoura Rd, Ste 350, Calabasas, CA 91301 |
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3 |
ANB VENTURE LLC |
WDC |
1/12/09 |
ADC |
Sub/ Nonperforming |
1,112 |
$1,120,293,613 |
$224,058,723 |
$20,196,000 |
Kingston Management Services |
c/o KMS SPE, LLC, 477 Shoup Ave., Ste. 207, Idaho Falls, ID 83402 |
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4 |
FNBN RESCON I LLC |
WDC |
2/5/09 |
Residential
Construction |
Sub/ Nonperforming |
520 |
$732,663,625 |
$146,532,725 |
$32,208,000 |
Stearns Bank |
FNBN RESCON I LLC, 4191 2nd Street South, St. Cloud, MN 56301 |
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5 |
FNBN CMLCON I LLC |
WDC |
2/20/09 |
Commercial Construction |
Sub/ Nonperforming |
147 |
$701,558,491 |
$140,311,698 |
$41,000,468 |
Diversified Business Strategies |
SGH FNB Ventures, LLC, c/o Sorenson Group Management, LLC, 4393 Riverboat Rd, Ste 450, Salt Lake City, UT 84123 |
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6 |
INDYMAC VENTURE LLC |
WDC |
3/19/09 |
Consumer Construction, Homebuilder Construction, Lot Loans |
Sub/ Nonperforming |
3,044 |
$1,651,638,932 |
$330,327,786 |
$54,060,982 |
OneWest Ventures Holdings LLC |
888 East Walnut Street, Pasadena, CA 91101-7211 |
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7 |
FRANKLIN VENTURE LLC |
WDC |
9/30/09 |
Single Family Residential |
Sub/ Nonperforming |
5,475 |
$1,320,403,772 |
$99,030,283 |
$64,215,000 |
Residential Credit Solutions, Inc. |
4282 N. Freeway, Fort Worth, TX 76137 |
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