Note Purchases | JDI Realty

$150,000,000

Acquisition of Mortgages
Secured by Various Commercial Properties

22 States
December 2008 - May 2009

JDI purchased a $7,932,000 loan portfolio secured by 7 loans from a bankrupt finance company. JDI saw all of the collateral and closed all cash in less than 30 days.

JDI purchased a $9 million pool of performing gas station loans in a FDIC auction. We closed the transaction all cash in less than 10 days after our initial bid.

JDI purchased a $94,210,000 loan portfolio from a bankrupt finance company which included 54 properties in 17 states. JDI saw all of the collateral and closed all cash in less than 30 days.

JDI purchased a nationally flagged hospitality loan from a regional bank in the southeast. We closed the transaction all cash 6 days after initially learning about the opportunity.

JDI acquired a $14 million portfolio from a regional Chicago bank. We closed the transaction with all cash less than 10 days after commencing due diligence.

JDI and BRP formed TEREF to acquire tax-exempt debt secured by special assessments and thus "super senior" to any mortgages from recently developed commecial and large residential properties.

JDI purchased from a subsidiary of The Royal Bank of Scotland a $16,000,000 portfolio of 15 defaulted first mortgage loans secured primarily by multi-family apartment buildings on the south side of Chicago. JDI closed all cash within 10 days of submitting letters of intent.

JDI recently purchased two defaulted land loans being marketed for sale through a national loan sale advisor working on behalf of Chicago based Cole Taylor Bank. JDI closed all cash within one week of being selected as the winning bidder.

JDI recently purchased three defaulted loans totaling $5,000,000 from Chicago based Private Bank and Trust. The collateral consists of an infill parcel of land, a north suburban apartment building and a retail shopping center in Michigan. JDI closed all cash within one week after agreeing to a sale price with the seller.

JDI recently purchased four loans totaling over $7,000,000 which were marketed by a loan sale advisor on behalf of Milwaukee based M & I Bank. JDI closed all cash within days of being selected as the winning bidder. The loans were secured by prime locations on Chicago’s north side improved with two apartment complexes with ground floor retail, an 80% built condominium project and a vacant restaurant.

JDI recently joint ventured with Bixby Bridge Capital of Northbrook, IL to acquire a $120,000,000 land loan portfolio marketed by a loan sale advisor on behalf of Utah based Zions Bank. The loans are secured by over 5,000 acres of residential land developments located in California, Utah, Nevada, Arizona, Texas and Florida. The joint venture closed all cash less than one week after agreeing to a price with the seller.

In the past 18 months, affiliates of JDI Realty have made 11 separate acquisitions of loan portfolios with a total outstanding principal balance of approximately $285,000,000. The loans are secured by various commercial properties in approximately 22 states, including hotels, land, retail, office, mixed use, gas stations, convenience stores, restaurants and apartment buildings.

JDI is aggressively pursuing additional note buying opportunities.