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 Non-Performing $40M Resort Loan
Specialty lender selling a single-exposure credit of of $40M, including $13M DIP loan to a resort-development company in default. Strong covenants in a rising sub-market. Please call for details.
$8.5M Insured Residential Mortgages Regional lender selling a pool of performing & insured residential first mortgages. Pool contains 52 loans of 3 and 5 year terms, ranging from $33,000 to $547,000 in size and averaging $164,000. W.A. coupon stands at 7.35% with corresponding amortization of 382 months and an average monthly P&I of $58,400.00.
$21 Million 5.46% Performing Note This is a 50% Pari Passu participation note, maturing in June 2017. Collateral is a class A 230,000-square foot office tower, 95% occupancy rate, with AAA-Credit key tenant and 74% LTV. Interest rate is fixed at 5.46%, with a DCR of 1.33% and a NCF of $3.8 million.
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