ATLANTA, August 15, 2017 — FIG Partners served as broker for a $12.3 million Commercial Real Estate loan sale involving two of its financial institution clients on the West Coast.
The sale was for a pool of performing loans collateralized by multi-family properties.
“This loan sale benefitted both banks in different ways,” said Amy Boothe-Fuentes, FIG’s Senior Vice President and Head of Whole Loan Trading, who managed the transaction. “The buyer was seeking to increase the percentage of multi-family loans in its portfolio, and the seller had concentration risk on the institution’s balance sheet. FIG put together a transaction that helped both accomplish their objectives.”
FIG serves its clients with advisory and broker services for whole loans and fixed income transactions to facilitate balance sheet management.
Since 2003, FIG has been the trusted advisor to community banks and investors. FIG’s Fixed Income team has executed more than $300 million in loan sale transactions since the launch of its trading platform in 2014.
To learn more about FIG Partners’ whole loan trading capabilities, visit www.figpartners.com.