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First Financial Network Announces $200M Loan Portfolio Offering

""First Financial Network, Inc."":https://www.ffncorp.com/english (FFN), announced the offering of a $200 million performing and non-performing loan portfolio on behalf of a community bank.


According to a release, the portfolio consists of commercial real estate and commercial and industrial (C&I) loans as well as agricultural, residential, and consumer loans. Approximately one-third of the loans contained are performing.

Due diligence on the portfolio begins August 19, and bids are due September 17.

In addition, Oklahoma-based FFN announced it has been appointed by a money bank center to market $35 million in performing and non-performing loans concentrated in California, New York, and New Jersey. A major portion of that portfolio contains current loans; investor due diligence began August 6, with bids due by August 29.

""Over the past two quarters there has been a sharp increase in pricing across all asset classes coupled with a need for community banks to clean up their balance sheets. We have been very busy serving this client segment in the valuation and marketing of both performing and non-performing loans,"" said Bliss Morris, founder and CEO of FFN. ""Clearly, it's a good time to sell.""

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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