$762 Million Portfolio Sells

Posted by admin on Wednesday, September 8th 2010   

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8
Sep

Mariner Real Estate Partners LLC acquired an interest in $762 million in mortgages owned by the Federal Deposit Insurance Corp.

The way the deal was structured, Mariner acquired a 40 percent equity interest in a limited liability company that the FDIC created to hold the loans.

The other 60 percent interest in the LLC will be retained by the FDIC

More: continued here

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