Coldwell Banker Commercial Metro Brokers, and partners, The Sternberg Group and First Financial Network, today announced that they have completed the sale of FDIC Loss-Share Loans under Article IV.  This consortium of companies partnered to provide the depth of services necessary to bring the loss-share loan portfolio to market. Specific pre-sale services included loan-level underwriting, site visits, loan valuation and FDIC case preparation.

The broadly marketed loan sale consisted of approximately $20 million of performing and non-performing loans acquired by a regional bank in 2009.  The loans were offered on an individual basis and were secured by both commercial and residential collateral.

"This transaction is an excellent example of working collectively to navigate a complex process and complete a sale with the approval of the FDIC," said Will Colley, Executive Vice President.  "Our loss-share experience and talented loan underwriters created an effective framework to work with the FDIC."

Bliss Morris, CEO of First Financial Network comments, "First Financial Network sold billions in loss-share loans after the S&L Crises in the late 90s. In addition, we have a long-term relationship with FDIC and currently serve as its financial advisor for the valuation, marketing and sale of loans. These unique experiences allow us to provide a depth of understanding regarding the valuation and sale of loans covered by FDIC loss share that is not otherwise available in the marketplace today."