ATLANTA, Nov. 4, 2016 — FIG Partners served as broker for a $9 million sale of a hospitality commercial real estate loan between two of its bank clients.
The loan is backed by a West Coast property and was sold on a servicing released basis.
“We continue to see strong demand for the high quality loans we are offering through the FIG platform,” said Amy Boothe-Fuentes, Senior Vice President and Head of Whole Loan Trading. “FIG’s loan sale group is focused on helping financial institutions purchase loans in order to add high quality assets to their balance sheets as well as sell loans to manage concentration risks.”
The FIG team leading this transaction included Boothe-Fuentes and Ricardo Diaz, Senior Vice President.
FIG serves its clients with advisory and broker services on whole loan and other fixed-income and balance sheet management transactions.
To learn more about FIG Partners’ whole loan trading capabilities, visit www.figpartners.com.