September 29, 2021
On behalf of a major banking institution (Seller), First Financial Network, Inc. (FFN) is pleased to announce the upcoming sale of a commercial real estate and C&I loan portfolio comprised of 190 loans with a total balance of approximately $138 Million.
Collateral Concentrations - Office (20.02%), Strip Center (11.47%), Industrial (11.07%), Retail (9.74%), Recreational (8.24%), Church (8.10%), Warehouse (7.11%), Hotel (6.75%), Multi-Family (4.68%), and Medical Building (3.30%).
Collateral Locations - Nationwide with concentrations in CA (32.10%), and TX (18.37%).
Comprehensive due diligence materials will be made available to qualified parties on FFN’s website at www.ffncorp.com beginning on September 23, 2021. For this loan sale, Seller requires specific information from the Bidders prior to approving their participation in the due diligence and bidding process. FFN encourages all interested parties to begin the vetting process now by registering at www.ffncorp.com or by logging onto your FFN account and completing the requisite documents.
Bidders may submit bids for individual pools, a combination of pools and/or the entire portfolio.
For further information, contact Merrie Duncan at firstname.lastname@example.org or Cathey Taylor at email@example.com. For registration questions, contact FFN Investor Relations Team at 405-748-4100 or at IR@ffncorp.com.