The $10MM Lone Star Multi-Family Portfolio
The $10MM Lone Star Multi-Family Portfolio
Clark Street Capital’s Bank Asset Network (“BAN”) proudly presents: “The $10MM Lone Star Multi-Family Portfolio.” This exclusively-offered portfolio is offered for sale by one institution (“Seller”). Highlights include:
- A total unpaid principal balance of $9,470,656, comprised of 9 loans
- All loans are high performing 1st liens on income-producing commercial real estate
- The largest asset, a multi-family loan in Houston, TX, comprises 25% of the portfolio
- Portfolio has a weighted average coupon of 4.41%
- Portfolio has a weighted average LTV of 69% with a weighted average DSCR of 1.58
- All loans have declining 5,4,3,2,1% prepayment penalties
- Collateral types include: Multi-family (82%), Retail (10%), and Mobile Home Park (8%)
- Assets are located in Texas (68%), Illinois (10%), Colorado (8%), Florida (8%), and Tennessee (6%)
- Portfolio will be sold as two pools, the largest one will be All or None (Texas)
- Opportunity to acquire depository relationships
- Two-thirds of the loans are in low- and moderate-income (“LMI”) geographies, thus helping institutions meet Community Reinvestment Act (“CRA”) and Fair Lending requirements
- All loans will trade for a premium to par and any bids below par will not be entertained
Loan files are scanned and available in a secure deal room for review. Based on the information presented, a buyer should be able to complete the vast majority of their due diligence remotely.
Please read the executive summary for more information on the portfolio. You will be able to execute the confidentiality agreement electronically by clicking on the upper left hand corner of the link to the executive summary.