Mission Capital Advisors announced that its Commercial Loan Sales and Trading Group has been retained by the Federal Deposit Insurance Corporation (FDIC) as the loan sale advisor for a diverse portfolio of 122 real estate and business loans with an aggregate unpaid principal balance of $57.6 million.
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Media Contact: Shlomo Morgulis Beckerman
Mission Capital offers $57.6mm Loan Portfolio on Behalf of FDIC
Diverse Set of Loans Divided into Nine Separate Pools
NEW YORK (July 27, 2015) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, announced that its Commercial Loan Sales and Trading Group has been retained by the Federal Deposit Insurance Corporation (FDIC) as the loan sale advisor for a diverse portfolio of 122 real estate and business loans with an aggregate unpaid principal balance of $57.6 million. The portfolio is being offered in nine separate pools.
Loan types include residential real estate, commercial real estate, ADC, and C&I. The portfolio is collateralized by assets located across the country, with a significant portion of the collateral concentrated in the Chicago area. Loan performance is mixed with a combination of performing, sub-‐ performing, and non-‐performing assets offered from 17 different failed banks.
The Mission Capital team of Michael Britvan, Kyle Kaminski, and Balin Michael is handling the
transaction on behalf of the FDIC.
“The portfolio features a wide range of assets, with the nine pools determined based on collateral location and type and loan performance,” Britvan said. “This is one of the larger FDIC cash sale portfolios we have seen of late, and we anticipate a great deal of interest from investors targeting both seasoned performing and distressed debt.”
Since its inception, Mission Capital has maintained a leading role as one of the industry’s most active and respected loan sale advisors. Leveraging emerging technologies and enterprise software solutions, the firm has set the industry standard for the execution of loan sales transactions.
About Mission Capital Advisors
Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California, Michigan and Mobile, Al. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-‐leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For
more information, visit www.missioncap.com.