FHA MF Servicing Portfolio for Sale

August 03, 2004, 2:00 p.m. EDT 1 Min Read

The Prestwick Group, Alexandria, Va., is brokering the sale of loan servicing rights on a $24 million portfolio of two commercial loans from a Federal Housing Administration private investor.Characteristics of the portfolio, which consists of two multifamily loans, include a weighted average note rate of 7.8% and weighted average seasoning of 67 months. Both loans are secured by property in Ohio. The seller of the servicing rights is an independent commercial mortgage company. The bid deadline is Aug. 17.

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