{"id":1004103341,"date":"2014-09-05T06:53:11","date_gmt":"2014-09-05T14:53:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004103341"},"modified":"2022-12-04T09:31:53","modified_gmt":"2022-12-04T17:31:53","slug":"first-financial-markets-90m-loan-portfolio-for-fdic","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/first-financial-markets-90m-loan-portfolio-for-fdic\/","title":{"rendered":"First Financial Markets $90M Loan Portfolio for FDIC"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

First Financial Network Inc. has been tapped by the Federal Deposit Insurance Corp. to market a multi-faceted portfolio of performing and non-performing loans valued at $90 million.<\/p>\n

The type of loans in the portfolio, divided into three offerings, runs the gamut. The first group, consisting of two offerings, encompasses 126 residential, consumer, commercial real estate and business asset loans, as well as non-lead loan participations. Non-performing loans comprise approximately 80.8 percent of the group, which is secured by assets in 30 states from California to New York.<\/p>\n

The second group is open to FDIC-insured institutions exclusively and features 3 lead participation loans collateralized by commercial real estate land and residential lots in Utah and Illinois.<\/p>\n

FFN is making online due diligence available September 22, and will accept bids from qualifying buyers until October 21. Bliss Morris, CEO of FFN, noted in a prepared statement that the company is \u201cconfident that this sale will garner significant secondary market interest.”<\/p>\n

Similar FDIC loan-portfolio transactions over the last couple of years include the $88.2 million sale of a group of 122 performing commercial real estate loans with a book value of $97 million in 2012. And in May of this year, a collection of performing and non-performing commercial real estate loans, valued at $96.6 million, sold for $67.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The FDIC has tapped First Financial Network to market a multi-faceted portfolio of performing and non-performing loans valued at $90 million. <\/p>\n","protected":false},"author":969,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004103341","post","type-post","status-publish","format-standard","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"\nFirst Financial Markets $90M Loan Portfolio for FDIC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/first-financial-markets-90m-loan-portfolio-for-fdic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Financial Markets $90M Loan Portfolio for FDIC\" \/>\n<meta property=\"og:description\" content=\"The FDIC has tapped First Financial Network to market a multi-faceted portfolio of performing and non-performing loans valued at $90 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/first-financial-markets-90m-loan-portfolio-for-fdic\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-05T14:53:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T17:31:53+00:00\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/first-financial-markets-90m-loan-portfolio-for-fdic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/first-financial-markets-90m-loan-portfolio-for-fdic\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"First Financial Markets $90M Loan Portfolio for FDIC\",\"datePublished\":\"2014-09-05T14:53:11+00:00\",\"dateModified\":\"2022-12-04T17:31:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/first-financial-markets-90m-loan-portfolio-for-fdic\\\/\"},\"wordCount\":216,\"commentCount\":0,\"articleSection\":[\"Finance\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/first-financial-markets-90m-loan-portfolio-for-fdic\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/first-financial-markets-90m-loan-portfolio-for-fdic\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/first-financial-markets-90m-loan-portfolio-for-fdic\\\/\",\"name\":\"First Financial Markets $90M Loan Portfolio for FDIC - 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