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Properties

RTC Portfolio
RTC PORTFOLIO
GREATER BOSTON, MA


Description

Investment Date: March 1992

Investment Cost: $7.3 Million

Improvement Cost: N/A

Sale Price: $14.0 Million

Sale Date: 1992-1998

IRR: 43.3%
The RTC portfolio was a pool of 37 performing and non-performing loans acquired from the Resolution Trust Corporation. Each loan was secured with a first mortgage on real estate located in the Greater Boston area. The property types included residential, office and retail.

Strategy

The portfolio was substantially divested within three years by settling with the borrowers and selling properties.

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Charter Capital Management, Inc.