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FDIC Seeking Upside In Joint Ventures

Some 20 years ago, the Federal Deposit Insurance Corp., much like today, was saddled with a glut of assets from hundreds of failed banks. But lessons…

By Danielle Douglas | Updated on December 09, 2011

Some 20 years ago, the Federal Deposit Insurance Corp., much like today,

was saddled with a glut of assets from hundreds of failed banks. But lessons learned from those days have led the agency to take a slightly different approach to asset disposition to get more out of the deal. “Rather than doing outright whole-loan sales, we sell into a partnership-type structure, whereby we sell a stake to an investor and share in the upside with real estate professionals that manage the assets through to resolution,” says Timothy Kruse, senior capital markets specialist at the FDIC.

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