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From the category archives:

Illinois Banks

Find banks in Illinois with commercial, multifamily, construction, residential REO, and non-performing notes for sale.

Distressed Assets and Bank Failures Mount

April 24, 2010

in Distressed Construction Loans and REO, Failed Banks, Illinois Banks, Multifamily Non-Performing Loans and REO

As we drive deeper into the second quarter of 2010, 57 banks have been closed throughout the United State during the calendar year by the Federal Deposit Insurance Corporation (FDIC) and the office of the comptroller of the currency. Assessing the US bank failure situation vis-à-vis 2009, considered the worst year for bank failures [...]

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Failed Banks Blanketing the Country

March 20, 2010

in Commercial Real Estate Non-Performing Loans and REO, Distressed Construction Loans and REO, Failed Banks, Florida Banks, Illinois Banks, Maryland Banks, Residential Non-Performing Loans and REO, Utah Banks

What do Boca Raton, FL, Normal, IL, Germantown, MD, and Ogden, UT have in common? They are home to the latest four banks to shutter their doors in 2010, bringing the total failed bank count this year to 26. With over 700 banks on the FDIC’s watch list, 2010 could prove to be [...]

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Corus Bank failed due to an over extension in condo loans

Broken Condo Deals and Bad Construction Loans

October 7, 2009

in Distressed Construction Loans and REO, Illinois Banks

It’s good to see deal flow out there even if it has to come from a private auction held by the FDIC. The Starwood / Corus Bank deal has been widely reported on over the last few weeks.
Barry Sternlicht’s Starwood Capital Group has a relatively straightforward game plan for the distressed condo assets of Corus [...]

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