Thursday, March 11, 2010

Riverton Auction - $125mm

Trustee won at $125mm, next closest was $121.1.

4) BN 11:22 *WELLS FARGO ACTING AS TRUSTEE FOR RIVERTON DEBT HOLDERS
5) BN 11:20 *WELLS FARGO WINS RIVERTON AUCTION WITH $125 MILLION BID
6) BN 11:19 *WELLS FARGO WINS AUCTION FOR NEW YORK'S RIVERTON APARTMENTS

6/1/09 Appraisal was $108k.
Outstanding Loan is $225k
2008 NOI was $4.4mm

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