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Properties

FDIC Portfolio
FDIC PORTFOLIO
GREATER BOSTON, MA


 
Description

Investment Date: March 1993

Investment Cost: $3.3 Million

Improvement Cost: N/A

Sale Price: $4.7 Million

Sale Date: 1993-2000

IRR: 24.4%
The Federal Deposit Insurance Corporation portfolio is a pool of 28 performing loans secured by real estate in New England.

Strategy

The loans were purchased for 68% of book value. The portfolio was substantially settled and paid-off between 1994 and 1998.

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Charter Capital Management, Inc.