New Frontier assets to be auctioned

March 9, 2012

Source: Northern Colorado Business Rep

In early 2009, the FDIC shut the doors of New Frontier and began the task of selling some 4,200 active loans worth $1.54 billion. Nineteen of those loans will be on the auction block this spring, as Mission Capital Advisors attempts to sell a portfolio of residential and commercial properties in a sealed bid auction.

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