Colonial management liquidating corporation fl Free discrete dateing mn
Between 1989 and mid-1995, the Resolution Trust Corporation closed or otherwise resolved 747 thrifts with total assets of 4 billion.
In 1995, the Resolution Trust Corporation's duties were transferred to the Savings Association Insurance Fund (SAIF) of the Federal Deposit Insurance Corporation (FDIC).
The general partner paid its equity share relating to each pool at the closing on the pool.
Because of the leverage, the amount required to be paid by the class A certificate holder on account of its interest was less than it would have been if the N-Trust had been an all-equity transaction.
Net cash flow was first used to repay the CMBS debt, after which it was divided between the RTC and class A certificate holder at their respective equity percentages (51% RTC, 49% class A).
The RTC offered up to 75% seller financing, and one element of the bid was the amount of seller financing required by the bidder.
Because of the leverage, the amount required to be paid by the MIF general partner on account of its interest was less than it would have been if the MIF had been an all-equity transaction.