OKLAHOMA CITY-First Financial Network, Inc., the nation's leading loan sale advisor, announced today the offering of $85 million in loans on behalf of the Federal Deposit Insurance Corporation (FDIC). The loans consist of commercial real estate, residential, C&I and Asset Based Lending whole loans and loan participations held by the failed NOVA Bank in Berwyn, PA, for which the FDIC is acting as Receiver.
First Financial Network will utilize its Loan Sale Network™ platform to provide qualifiedinvestors with immediate access to due diligence information and the opportunity to place bids.
Bids are due March 5, 2013.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
