WASHINGTON -- The Resolution Trust Corp. announced plans to sell $410 million of property and real-estate-backed loans, both performing and nonperforming.
The assets once belonged to 21 thrifts, all of which failed. Included are 25 properties with a book value of $95 million and 134 loans originally valued at $315 million. The loans are secured by commercial, retail, and multifamily real estate.
The assets have been broken into 14 pools, grouped by location and type. Bids are due at the RTC by Aug. 25.