Mission Capital Advisors is taking bids on a $131.2 million portfolio of nonperforming mortgages secured by commercial and residential properties in western Florida. Buyers can bid on individual loan pools or the entire portfolio. According to the New York-based Mission, most of the loans have recent appraisals, and all carry "personal guarantees that are expected to add significant value." Preliminary bids are due March 4.
Mission Auctioning NPA Portfolio
February 21, 2008, 2:00 p.m. EST 1 Min Read
