Loan Sale (Collateral: Multiple Types)

Loan Sale (Collateral: Multiple Types)

Loan Sale (Collateral: Multiple Types)
New York, NY
Starting Bids as Low as $2,000,000
Unpaid Balances Totaling $7,500,000
Bidding Opens: Mon Jul 29, 2:00 PM EDT
Bidding Closes: Wed Jul 31, 2:00 PM EDT
7
days
0
hours
50
minutes

Highlights

Inventory
3 Loans
Bid on Any or All 3 Loans

Loan #1
Collateral Type: Multifamily
Original Balance: $3,000,000
UPB: $2,700,000
Rate Type: Prime + 1.25%
Interest Rate: 9.5%
Default Rate: Base Rate + 5.25%
Originated: 7/20/21
Maturity: 7/20/24
Starting Bid: $2,000,000

Loan #2
Collateral Type: Mixed-Use
Original Balance: $4,250,000
UPB: $4,000,000
Rate Type: Prime + 1.25%
Interest Rate: 9.5%
Default Rate: Base Rate + 5.25%
Originated: 6/11/20
Maturity: 6/11/25
Starting Bid: $3,000,000

Loan #3
Collateral Type: Retail
Original Balance: $3,000,000
UPB: $2,900,000
Rate Type: Prime + 1.25%
Interest Rate: 9.5%
Default Rate: Base Rate + 5.25%
Originated: 7/20/19
Maturity: 7/20/24
Starting Bid: $2,500,000

Option #4
Bid on All 3 Loans Together
Starting Bid: $7,500,000

How to Participate

  1. View Set Up Click Here
  2. Review Due Diligence Click Here
    Includes Bid Instructions, Rent Roll, Income & Expenses, Survey and more
  3. Register to Bid Click Here
    Bidding begins online at 12pm on Monday, July 29 and ends 12pm on Wednesday, July 31.

    Register now.

    All bids subject to 5% Buyer’s Premium.

    Auction with reserve. Subject to prior sale, which means you may submit a bid now and any time before the online auction.