ap

Skip to content

Breaking News

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.

RevContent Feed

More in Business