The $35MM Kentuckiana Performing Portfolio
Clark Street Capital’s Bank Asset Network (“BAN”) proudly presents: “The $35MM Kentuckiana Performing Portfolio.” This exclusively-offered portfolio is offered for sale by one bank (“Seller”). Highlights include:
- A total unpaid principal balance of $34,091,063, comprised of 28 loans
- 15 relationships with the largest five comprising 82% of the portfolio
- Performing loans constitute 99.5% of the portfolio
- Loans have a weighted average coupon of 5.22%
- Weighted average seasoning of 5 years and a weighted average maturity of 3 years
- 80% of the real estate loans are in the Louisville/Jefferson County KY-IN Metropolitan Statistical Area with 13% in the Elizabethtown, KY MSA, or 93% in the Louisville-Elizabethtown-Madison, KY-IN Combined Statistical Area
- Loans backed by real estate comprise 96% of the portfolio
- All loans are whole loans
- Collateral types dominated by three of the four primary CRE asset classes with Retail (43%), Industrial (23%), and Multi-family (22%) equaling 87% of the total collateral pool
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.
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Due Diligence Materials Available Online
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Thursday, September 8, 2016
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