index

Home

Company

Opportunity

DBS successful bidder of commercial real estate note in Las Vegas FFN Auction, as well as a successful bidder of a $701 million structured sale with the FDIC.

Press Release: FDIC Closes on a $1.45 Billion Structured Sale of Distressed Loans

February 26, 2009

The Federal Deposit Insurance Corporation (FDIC) today announced the conclusion of the sale of $1.45 billion of performing and nonperforming residential and commercial construction loans in distressed markets through the use of two private/public partnership transactions. These structured sales utilize the asset management expertise of the private sector, while retaining for the FDIC a participation interest in all future cash flows generated by the workout of the assets over time. The successful bidders on the two transactions were Diversified Business Strategies (DBS) and Stearns Bank NA. The FDIC hired the financial advisor Keefe Bruyette Woods to market the LLC to potential bidders. In all, 18 separate bidders submitted 30 unique bids for both pools of loans.

DBS - FDIC Structured Sale Successful Bidder

($701 Millon First National Bank of Nevada Commerical Pool)

DBS - Wins FFN Commercial Retail Note $16.6 Million

Press Release: DBS Wins Bid To Aquire $16.6 Million Commercial Retail Note

March 19, 2009

Diversified Business Strategies (DBS) today annoucned it became the successful bidder in the First Financial Network auction to aquire a $16.6 million commercial retail note located in north Las Vegas. The property located at the southeast corner of Craig Road and Ferrell Street. This development is the second phase of construction and consists of 73,500 sq. ft. of space.