WASHINGTON - The Resolution Trust Corp. said it is soliciting bids through Nov. 30 for a $474 million portfolio of land and real estate loans from failed Great American Federal Savings Association of San Diego.
The portfolio is part of a three-part initiative to sell Great American assets with a book value of $1.6 billion. The portfolio for this offering has been divided geographically into five pools, which are mainly in California. Goldman Sachs and Co. is handling the sales.