SEALED BID NOTE POOL SALE

  SEALED BID LOAN SALE   Sale: $250,555,605 Commercial Mortgage Loan Portfolio Collateral: CRE, Land ADC, C&I, SFR, Unsecured Location: Multi-state Status: Performing, Sub-Performing, and Non-Performing Sale Structure: …

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SEALED BID LOAN SALE

 

Sale:

$250,555,605 Commercial Mortgage Loan Portfolio

Collateral:

CRE, Land ADC, C&I, SFR, Unsecured

Location:

Multi-state

Status:

Performing, Sub-Performing, and

Non-Performing



Sale Structure:

The Advisor has been retained as the exclusive Loan Sale Advisor to the Seller for the sale of a portfolio (the "Portfolio") of commercial, business, land, and residential loans secured by various real estate and business assets (the "Assets"). The Portfolio is being offered on a sealed bid basis.

On behalf of the Seller, Advisor is soliciting indicative bids from prospective bidders (the "Prospective Bidders") for the purchase of the entire Portfolio pursuant to the Loan Sale timeline attached hereto



 


Loan Sale Timeline

Event

Date

Loan Sale Portfolio Memorandum Distributed

Tuesday, September 04, 2012

Initial Data Distribution

Wednesday, September 05, 2012

Indicative Bid Due

Thursday, September 20, 2012

Acceptance of or Comments to LSA Due

Friday, October 05, 2012

Best & Final Bid Date

Wednesday, October 17, 2012

Winning Bidder Selected

Friday, October 19, 2012

10% Non-Refundable Deposit Due

Tuesday, October 23, 2012

Closing on or Before

Thursday, November 01, 2012


Sincerely,

Ron McFarland
REM Financial and Real Estate
rement1219@gmail.com

951-545-7629

You are receiving this email because you have previously indicated interest in receiving loan sale offerings from REM.

 

 

 

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