We have this until Monday, then it goes back to the bank.
Summary - PN - PERFORMING notes - SFR - 90% CA - National Bank liquidation
#1 - $700mm FMV - 35 cents/dollar - 1st position - $245mm
#2 - $300mm FMV - 35 cents/dollar - 1st position - $105mm
Each pool is a total buy - no p&c - if buyer buys only ONE pool - price is 36 cents/dollar
Either price is a STEAL for PN !
Plus 3 points. The consortium for the bank takes 1/3 of points.
Let me know if you have an interested buyer
Thanks,
Manny


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