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Loan Sales Announcements

OFFERING ANNOUNCEMENT
FHA-12-255, FSA-12-252, SBA-12-251, USDA-12-253, VA-12-256

$157 million

Performing and Non-Performing Government Guaranteed Mortgage and Conventional Loan Portfolio

As a Loan Sale Advisor for the Federal Deposit Insurance Corporation, in its receivership capacity ("FDIC"), Mission Capital Advisors, LLC ("Mission") is pleased to provide the opportunity to acquire certain assets offered from time to time. The next of these offerings consists of approximately $157mm in Performing and Non-Performing Loans from the following closed banks:

Bank Of Whitman

Colfax, WA

Global Commerce Bank

Doraville, GA

Barnes Banking Company

Kaysville, UT

Home Savings Of America

Little Falls, MN

Centennial Bank

Ogden, UT

Innovative Bank

Oakland, CA

Citizens State Bank

New Baltimore, MI

Irwin Union Bank & Trust

Columbus, IN

Colonial Bank

Montgomery, AL

K Bank

Randallstown, MD

Community Bank Of Nevada

Las Vegas, NV

Mutual Bank

Harvey, IL

Country Bank

Aledo, IL

Platinum Community Bank

Rolling Meadows, IL

First Choice Community Bank

Dallas, GA

Riverside National Bank

Fort Pierce, FL

First National Bank

Savannah, GA

Shelby County Bank

Shelbyville, IN

First National Bank Of Davis

Davis, OK

Tennessee Commerce Bank

Franklin, TN

First State Bank

Cranford, NJ

The Cowlitz Bank

Longview, WA

FirsTier Bank

Louisville, CO

Union Bank, N.A.

Gilbert, AZ

 

Waterfield Bank

Germantown, MD

 

(Offerings FHA-12-255, FSA-12-252, SBA-12-251, USDA-12-253, and VA-12-256)

Pool Code Pool Description Count Current Balance WA Rate WA Maturity % Performing
FHA-12-255-05 FHA 307 $64,018,193 4.02% 8/11/2040 95.8%
USDA-12-253-05 USDA Gty Sold 18 $24,633,720 6.53% 3/17/2025 100.0%
VA-12-256-05 VA 83 $18,143,414 4.08% 11/16/2041 89.2%
SBA-12-251-05 SBA 100% Owned 52 $13,715,292 5.75% 7/16/2024 92.9%
USDA-12-253-10 USDA Gty Sold 5 $10,853,975 6.66% 4/16/2037 0.0%
SBA-12-251-10 SBA Gty Sold 51 $7,525,105 4.95% 5/5/2028 100.0%
FSA-12-252-05 FSA 31 $6,768,489 5.70% 8/3/2031 43.5%
USDA-12-253-15 USDA 1-4 Fam 32 $5,248,276 4.11% 1/30/2042 100.0%
SBA-12-251-15 SBA Gty Sold 15 $6,331,074 5.61% 7/13/2020 0.9%
Grand Total

594 $157,237,538 4.77% 4/30/2031 83.08%

Loan Sale Timeline

Bidder Due Diligence Wednesday, September 05, 2012 -
Tuesday, October 09, 2012
Final Bid Date Tuesday, October 09, 2012
Close Date Friday, October 26, 2012

For additional information please contact the undersigned:

Peter Tobin – Managing Director – ptobin@missioncap.com – (212) 925-6692
Michael Britvan – Vice President – mbritvan@missioncap.com – (212) 925-6692
Jesse Hsu – Associate – jhsu@missioncap.com - (212) 925-6692


OFFERING ANNOUNCEMENT: MR1-12

$46.7 million

Performing and Non-Performing Loans

On behalf of the FDIC, DebtX (www.debtx.com) is conducting a sealed bid auction of approximately $46.7 million in loans primarily from two receiverships: Bank of the Eastern Shore (MD) and Fort Lee Federal Savings Bank (NJ). The sale contains the following loan types:

  • Lead participations (offered to Banks only)
  • Non-Lead participations
  • Commercial
  • Agricultural
  • Commercial and Industrial
  • Consumer unsecured
  • Consumer liquid collateral
  • Vehicle

KEY DATES

Due Diligence commences August 23, 2012
Bid Date September 18, 2012
Closing Date October 5, 2012

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.


OFFERING ANNOUNCEMENT: COB-12

$19.7 million

Non-Performing Loans

On behalf of the FDIC, DebtX (www.debtx.com) is conducting a sealed bid auction of approximately $19.7 million in loans from Country Bank – Aledo, IL. The portfolio is being offered in four pools. Collateral includes:

  • Golf course and turf center
  • 1 – 4 family residences
  • Golf course lots
  • Membership interests

KEY DATES

Due Diligence Commences August 15, 2012
Bid Date September 5, 2012
Closing Date September 27, 2012

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.


FDIC markets loans through the following sales advisors:

First Financial Network DebtX, The Debt Exchange
www.firstfinancialnet.com www.debtx.com
405-748-4100 617-531-3400

Mission Capital Advisors Garnet Capital Advisors
www.missioncap.com www.garnetcapital.com
212-925-6692 914-406-7880

When FDIC has loans available for sale they will be assigned to one of the two 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.

 


 Last Updated 09/05/2012 assetmarketing@fdic.gov