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First Financial Selling $45M Loan Portfolio

OKLAHOMA CITY—Collateral properties are located in California, Texas, Arizona, Nevada, Oregon and Washington.

By David Phillips | Updated on April 25, 2014

OKLAHOMA CITY—First Financial Network, Inc. is offering of a portfolio containing $45 million of 1st trust deed secured performing SBA loan participations. The portfolio is being marketed on behalf of a bank and bids are due on June 3. 

FFN is offering a 15% non-guaranteed certificated participation interest in each loan in the portfolio of approximately 400 SBA 7(a) commercial real estate loans. Collateral properties are located in California, Texas, Arizona, Nevada, Oregon and Washington. Online due diligence materials will be made available to qualified investors beginning on May 5 at www.ffncorp.com. The loans will be stratified into nine pools based on geographic location.

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