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Mariner Real Estate Management has announced the purchase of a portfolio of approximately 1,100 residential and commercial loans from 20 failed banks. The real estate investment and management firm conducted the $760 million transaction with the FDIC. Mariner paid about $52 million for a 40 percent managing member interest in the limited liability company created by the FDIC to hold all the loans and REO assets.
Read More »Investment Firm Acquires Stake in $760M FDIC Loan Portfolio
