Pursuits
Mariner Buys Interest in $760 Million Loan Portfolio From FDIC
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Mariner Holdings LLC said it purchased part of a $760 million portfolio of property loans from the Federal Deposit Insurance Corp. as part of the agency’s sale of assets seized from failed banks.
A unit of Mariner, an asset manager based in Leawood, Kansas, paid about $52 million for a 40 percent stake in the portfolio, the company said in a statement yesterday. The price is about 31 cents on the dollar including FDIC financing.