February 22, 2010
Commercial Real Estate Direct
First Financial Network is offering a portfolio of three loans with a balance of $20.6 million on behalf of a bank client.
The Oklahoma City loan-sales specialist expects to take offers for the loans on March 16.
The loans are tied to two banking relationships. They consist of a $4.8 million loan on a Bloomington, Ill., retail property and two loans on hotels in Champaign, Ill. One has a balance of $14.5 million, while the other a balance of $1.3 million. The retail loan is classified as nonperforming, while the hotel loans are performing.
For additional details, contact First Financial at (405) 748-4100.