Garnet Capital Advisors Announces $100 Million Consumer Loan Sale
HARRISON, N.Y., March 30, 2017 /PRNewswire/ -- Garnet Capital Advisors, LLC is announcing the launch of a sale of $100 million of consumer loans on behalf of the National Credit Union Administration (NCUA).
The portfolio contains approximately 3,500 accounts across all levels of performance. The loans are being offered in pools for bidding based on performance level.
The data room for due diligence information opened the week of March 20, 2017. The NCUA is simultaneously providing on-site file review for qualified bidders in Austin, TX. Bids are due on April 11, 2017.
According to Lou DiPalma, Managing Partner at Garnet Capital, "As in past NCUA sales, Garnet has done a deep dive to reveal key portfolio attributes and expects keen investor interest by value-add buyers in the differing asset classes. We look forward to another successful transaction for the NCUA."
For additional details regarding the offering or to schedule a due diligence appointment, please contact your Garnet representative at 914.909.1000 or visit www.garnetcapital.com.
Contact
Sherri Feldman: 914-909-1000 or [email protected]
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SOURCE Garnet Capital Advisors
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