Notre Dame Federal Credit Union
Publication Date: 07/06/2023
Loan Pool Participation Opportunity
Additional Details
NDFCU is seeking participants for a $11.25M self-storage construction-to-commercial mortgage loan. NDFCU will retain $6.25M and participate out the remaining $5M. The subject property is in Queen Creek, AZ. This property is one of 13 that the guarantors own and operate. Borrowers are bringing 25% equity to the project and have managed self-storage facilities for over 20 years.
Notre Dame FCU is a $1 billion financial institution located in South Bend, Indiana. We have over 65,000 members and offices in South Bend, Northwest Indiana, Phoenix, and Tucson, AZ.
For more information, please contact Robert Shane, rshane@notredamefcu.com, 574-400-4606.
Notre Dame Federal Credit Union
Publication Date: 04/10/2023
Loan Pool Participation Opportunity
Additional Details
NDFCU is seeking pre-close participant commitments for a $6.5MM hospitality (hotel) loan. NDFCU will retain $2M and participate out the remaining $4.5M (30% / 70%). The subject property is in Elkhart, Indiana, just off the 80/90 toll road. This property is one of 26 that the guarantors own. Borrowers intend to us $2MM of the $6.5MM to renovate the property. The property has a 60% occupancy rate – the highest in its market.
Notre Dame FCU is a $1 billion financial institution located in South Bend, Indiana. We have over 65,000 members and offices in South Bend, Northwest Indiana, Phoenix, and Tucson, AZ.
For more information, please contact Robert Shane, rshane@notredamefcu.com, 574-400-4606.
Notre Dame Federal Credit Union
Publication Date: 04/06/2023
Loan Pool Participation Opportunity
Additional Details
This is a pool of direct new and used auto loans. 34% were originated in 2019 – 2021, 66% were originated 2022 to present. 82% are within the credit unions existing markets, 19% is in emerging markets. These loans will be sold in $5M blocks as a percentage of the pool and not as individual loans. All credit scores are 620 and above and DTI is below 50%.
Notre Dame FCU is a $1 billion financial institution located in South Bend, Indiana. We have over 65,000 members and offices in South Bend, Northwest Indiana, Phoenix, and Tucson, AZ.
For more information, please contact Robert Shane, rshane@notredamefcu.com, 574-400-4606.
Bluestone Credit Union
Listing as of 07/09/2020
Bluestone Credit Union in Sioux Falls, SD is looking to expand their loan portfolio by purchasing up to 90% positions in some consumer loans. We are not able to, nor interested in, participating with any commercial, business or agricultural loans. Our interest lies in fully-amortized, secured consumer loans, i.e. new/used cars or trucks or boats or campers or motorcycles with terms up to a maximum of 72-84 months. Variable or fixed rates would be considered. All other terms and conditions are negotiable on a case-by-case basis. To begin this mutually-rewarding partnership, contact Jeff Jorgensen, President at 605-275-1701.