Homebuilder’s Land Bank
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A single $150.0 million non-performing loan from a bank consortium, secured by senior liens on 26 undeveloped residential land parcels primarily located in the southwestern United States.
Loan Purchases
Performing Loan Portfolio
FL
A $21.0 million portfolio of 22 performing loans from a major national bank secured by senior liens on 22 multi-family properties with a total of 501 units, all located throughout Florida.
Defaulted Loan Portfolios
FL
Two loan portfolios from a large regional bank, with a UPB of $106.0 million. The loans were secured by completed homes, finished lots, unimproved land, a large marina, finished townhomes and condos, all located throughout Florida.
Multifamily
Biloxi, MS
Together with a general partner, we purchased a $22.4 million performing loan secured by a large Class A apartment complex located in Biloxi, Mississippi. The complex was 92% occupied at the time.
Industrial
Howell, MI
A defaulted loan secured by a 125,000 square foot single tenant industrial building located in Howell, MI. Bixby converted its interest to fee and continues to operate the property.
Office
Naperville, IL
Office – Together with a general partner, we purchased a $23.5 million non-performing loan from a major insurance company, secured by a 200,000+ square foot, 70% leased, Class-A office building in Naperville, Illinois.