ap

Skip to content
Author
PUBLISHED:
Getting your player ready...

Mariner Holdings LLC said it bought part of a $760 million portfolio of real-estate 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, Kan., paid about $52 million for a stake in the portfolio, the company said in a statement Thursday.

The portfolio consists of 1,100 loans for the acquisition and development of residential and commercial properties. About 34 percent of the loans are in Colorado.

More in Business