82 FR 50438 - Notice of HUD-Held Multifamily Loan Sale (MLS 2018-1)
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Federal Register Volume 82, Issue 209 (October 31, 2017)
Federal Register Volume 82, Issue 209 (October 31, 2017)
| Page Range | 50438-50440 | |
| FR Document | 2017-23677 |
[Federal Register Volume 82, Number 209 (Tuesday, October 31, 2017)] [Notices] [Pages 50438-50440] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-23677] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-6062-N-01] Notice of HUD-Held Multifamily Loan Sale (MLS 2018-1) AGENCY: Office of the Assistant Secretary for Housing--Federal Housing Commissioner, HUD. ACTION: Notice of sale of two multifamily mortgage loans. ----------------------------------------------------------------------- SUMMARY: This notice announces HUD's intention to sell two unsubsidized multifamily mortgage loans, without Federal Housing Administration (FHA) insurance, in a competitive, sealed bid sale on or about November 8, 2017 (MLS 2018-1 or Loan Sale). This notice also describes generally the bidding process for the sale and certain persons who are ineligible to bid. DATES: A Bidder's Information Package (BIP) was made available on October 11, 2017 on the HUD Web site at www.hud.gov/fhaloansales. Bids for the loans must be submitted on the bid date, which is currently scheduled for November 8, 2017 between certain specified hours. HUD anticipates that an award or awards will be made on or before November 9, 2017. Closing is expected to take place between November 17, 2017 and November 20, 2017. ADDRESSES: To become a qualified bidder and receive the BIP, prospective bidders must complete, execute, and submit a Confidentiality Agreement and a Qualification Statement acceptable to HUD. Both documents will be available on the HUD Web site at www.hud.gov/fhaloansales. Please fax or email as well as mail executed original documents to JS Watkins Realty Partners, LLC: JS Watkins Realty Partners, LLC, c/o The Debt Exchange, 133 Federal Street, 10th Floor, Boston, MA 02111, Attention: MLS 2018-1 Sale Coordinator, Fax: 1-978-967-8607, Email: [email protected]. FOR FURTHER INFORMATION CONTACT: John Lucey, Director, Asset Sales Office, Room 3136, U.S. Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-8000; telephone 202-402- 3927. Hearing- or speech-impaired individuals [[Page 50439]] may call 202-708-4594 (TTY). These are not toll-free numbers. SUPPLEMENTARY INFORMATION: HUD announces its intention to sell, in MLS 2018-1, two (2) unsubsidized first lien mortgage loans (Mortgage Loans) secured by two multifamily properties located in Waynesville, Missouri, and Amarillo, Texas. The Mortgage Loans are non-performing mortgage loans. The listing of the Mortgage Loans is included in the BIP. The Mortgage Loans will be sold without FHA insurance and with HUD servicing released. HUD will offer qualified bidders an opportunity to bid competitively on the Mortgage Loans. Qualified bidders may submit bids on one or more of the Mortgage Loans. The Qualification Statement describes the entities/individuals that may be qualified to bid on the Mortgage Loans if they meet certain requirements as detailed in the Qualification Statement. Some entities/ individuals must meet additional requirements in order to be qualified to bid, including but not limited to: Any mortgagee/servicer who originated one or more of the Mortgage Loans; a mortgagor or an operator, with respect to any HUD insured or subsidized mortgage loan (excluding the Mortgage Loans being offered in the Loan Sale) who is currently in default, violation, or noncompliance with one or more of HUD's requirements or business agreements; and a limited partner, nonmanaging member, investor and/or shareholder who owns a 1% or less interest in one or more of the Mortgage Loans, or in the project securing one or more of the Mortgage Loans; and any of the aforementioned entities'/individuals' principals, affiliates, family members, and assigns. Interested entities/individuals who fall into one of these categories should review the Qualification Statement to determine whether they may be eligible to qualify to submit a bid on the Mortgage Loans. Other entities/individuals not described herein may also be restricted from bidding on the Mortgage Loans, as fully detailed in the Qualification Statement. The Bidding Process The BIP describes in detail the procedure for bidding in MLS 2018- 1. The BIP also includes a standardized non-negotiable loan sale agreement (Loan Sale Agreement). As part of its bid, each bidder must submit a minimum deposit of the greater of One Hundred Thousand Dollars ($100,000) or ten percent (10%) of the aggregate bid prices for all of such Bidder's bids. In the event the Bidder's aggregate bid is less than One Hundred Thousand Dollars ($100,000), the minimum deposit shall be not less than fifty percent (50%) of the Bidder's aggregate bid. HUD will evaluate the bids submitted and determine the successful bid(s) in its sole and absolute discretion. If a bidder is successful, the bidder's deposit will be non-refundable and will be applied toward the purchase price, with any amount beyond the purchase price being returned to the bidder. Deposits will be returned to unsuccessful bidders after notification to sucessful bidders on or before November 13, 2017. Closings are expected to take place between November 17, 2017 and November 20, 2017. These are the essential terms of sale. The Loan Sale Agreement, which is included in the BIP, contains additional terms and details. To ensure a competitive bidding process, the terms of the bidding process and the Loan Sale Agreement are not subject to negotiation. Due Diligence Review The BIP describes the due diligence process for reviewing loan files in MLS 2018-1. Qualified bidders will be able to access loan information remotely via a high-speed Internet connection. Further information on performing due diligence review of the Mortgage Loans is provided in the BIP. Mortgage Loan Sale Policy HUD reserves the right to add Mortgage Loans to or delete Mortgage Loans from MLS 2018-1 at any time prior to the Award Date. HUD also reserves the right to reject any and all bids, in whole or in part, without prejudice to HUD's right to include the Mortgage Loans in a later sale. The Mortgage Loans will not be withdrawn after the award date except as is specifically provided for in the Loan Sale Agreement. This is a sale of unsubsidized multifamily mortgage loans, pursuant to Section 204(a) of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act of 1997, (12 U.S.C. 1715z-11a(a)). Mortgage Loan Sale Procedure HUD selected a competitive sale as the method to sell the Mortgage Loans. This method of sale optimizes HUD's return on the sale of these Mortgage Loans, affords the greatest opportunity for all qualified bidders to bid on the Mortgage Loans, and provides the most efficient vehicle for HUD to dispose of the Mortgage Loans. Bidder Eligibility In order to bid in the sale, a prospective bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD. The following individuals and entities are among those INELIGIBLE to bid on the Mortgage Loans being sold in MLS 2018-1: 1. A mortgagor, including its principals, affiliates, family members, and assigns, with respect to one or more of the Mortgage Loans being offered in the Loan Sale, or an Active Shareholder (as such term is defined in the Qualification Statement); 2. Any individual or entity, and any Related Party (as such term is defined in the Qualification Statement) of such individual or entity, that is a mortgagor or operator with respect to any of HUD's multifamily and/or healthcare programs (excluding the Mortgage Loans being offered in the Loan Sale) and that has failed to file financial statements or is otherwise in default under such mortgage loan or is in violation or noncompliance of any regulatory or business agreements with HUD and fails to cure such default or violation by no later than October 25, 2017; 3. Any individual or entity that is debarred, suspended, or excluded from doing business with HUD pursuant to Title 2 of the Code of Federal Regulations, Part 2424; 4. Any contractor, subcontractor and/or consultant or advisor (including any agent, employee, partner, director, principal or affiliate of any of the foregoing) who performed services for, or on behalf of, HUD in connection with MLS 2018-1; 5. Any employee of HUD, a member of such employee's family, or an entity owned or controlled by any such employee or member of such an employee's family; 6. Any individual or entity that uses the services, directly or indirectly, of any person or entity ineligible under provisions (3) through (5) above to assist in preparing its bid on any Mortgage Loan; 7. An FHA-approved mortgagee, including any principals, affiliates, or assigns thereof, that has received FHA insurance benefits for one or more of the Mortgage Loans being offered in the Loan Sale; 8. An FHA-approved mortgagee and/or loan servicer, including any principals, affiliates, or assigns thereof, that originated one or more of the Mortgage Loans being offered in the Loan Sale if the Mortgage Loan defaulted within two years of [[Page 50440]] origination and resulted in the payment of an FHA insurance claim; 9. Any affiliate, principal or employee of any person or entity that, within the two-year period prior to November 1, 2017, serviced any Mortgage Loan or performed other services for or on behalf of HUD; 10. Any contractor or subcontractor to HUD that otherwise had access to information concerning any Mortgage Loan on behalf of HUD or provided services to any person or entity which, within the two-year period prior to November 1, 2017, had access to information with respect to the Mortgage Loan on behalf of HUD; and/or 11. Any employee, officer, director or any other person that provides or will provide services to the prospective bidder with respect to the Mortgage Loans during any warranty period established for the Loan Sale, that serviced the Mortgage Loans or performed other services for or on behalf of HUD or within the two-year period prior to November 1, 2017, provided services to any person or entity which serviced, performed services or otherwise had access to information with respect to any Mortgage Loan for or on behalf of HUD. Other entities/individuals not described herein may also be restricted from bidding on the Mortgage Loans, as fully detailed in the Qualification Statement. The Qualification Statement provides further details pertaining to eligibility requirements. Prospective bidders should carefully review the Qualification Statement to determine whether they are eligible to submit bids on the Mortgage Loans in MLS 2018-1. Freedom of Information Act Requests HUD reserves the right, in its sole and absolute discretion, to disclose information regarding MLS 2018-1, including, but not limited to, the identity of any successful bidder and its bid price or bid percentage for the Mortgage Loans, upon the closing of the sale of the Mortgage Loans. Even if HUD elects not to publicly disclose any information relating to MLS 2018-1, HUD will have the right to disclose any information that HUD is obligated to disclose pursuant to the Freedom of Information Act and all regulations promulgated thereunder. Scope of Notice This notice applies to MLS 2018-1 and does not establish HUD's policy for the sale of other mortgage loans. Dated: October 26, 2017. Dana T. Wade, General Deputy Assistant Secretary for Housing. [FR Doc. 2017-23677 Filed 10-30-17; 8:45 am] BILLING CODE 4210-67-P
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Name of Committee: Center for Scientific or email Commander Loan T. O’Brien, Dated: October 25, 2017.
Review Special Emphasis Panel; Small U.S. Coast Guard; telephone 409–723– Jaqueline Twomey,
Business: HIV/AIDS Innovative Research
6564, email, Loan.T.O’Brien@uscg.mil. Captain, U.S. Coast Guard, Captain of the
Applications.
Port, Port Arthur.
Date: November 30, 2017. SUPPLEMENTARY INFORMATION: The Coast
Time: 1:00 p.m. to 4:00 p.m. [FR Doc. 2017–23578 Filed 10–30–17; 8:45 am]
Guard is extending the comment period
Agenda: To review and evaluate grant BILLING CODE 9110–04–P
applications.
on the request for comments entitled
Place: National Institutes of Health, 6701 ‘‘Waterway Suitability Assessment for
Rockledge Drive, Bethesda, MD 20892 Operation of Liquefied Hazardous Gas
(Virtual Meeting). Terminal; Port Arthur, TX’’ that we DEPARTMENT OF HOUSING AND
Contact Person: Mark P. Rubert, Ph.D., URBAN DEVELOPMENT
published in the Federal Register on
Scientific Review Officer, Center for August 14, 2017 (82 FR 37887). We are [Docket No. FR–6062–N–01]
Scientific Review, National Institutes of
Health, 6701 Rockledge Drive, Room 5218,
extending the comment period by 30
days to allow interested persons more Notice of HUD-Held Multifamily Loan
MSC 7852, Bethesda, MD 20892, 301–435–
time to comment. You may not submit Sale (MLS 2018–1)
1775, rubertm@csr.nih.gov.
(Catalogue of Federal Domestic Assistance comments through November 30, 2017. AGENCY: Office of the Assistant
Program Nos. 93.306, Comparative Medicine; Secretary for Housing—Federal Housing
93.333, Clinical Research, 93.306, 93.333, Public Participation and Request for
Comments Commissioner, HUD.
93.337, 93.393–93.396, 93.837–93.844,
93.846–93.878, 93.892, 93.893, National ACTION: Notice of sale of two
Institutes of Health, HHS) We encourage you to submit multifamily mortgage loans.
comments and related material in
Dated: October 26, 2017. SUMMARY: This notice announces HUD’s
response to this notice through the
Melanie J. Pantoja, intention to sell two unsubsidized
Federal eRulemaking Portal at http://
Program Analyst, Office of Federal Advisory
www.regulations.gov. We will consider multifamily mortgage loans, without
Committee Policy. Federal Housing Administration (FHA)
all submissions and may adjust our final
[FR Doc. 2017–23638 Filed 10–30–17; 8:45 am]
action based on your comments. If you insurance, in a competitive, sealed bid
BILLING CODE 4140–01–P sale on or about November 8, 2017 (MLS
submit a comment, please include the
2018–1 or Loan Sale). This notice also
docket number for this notice, indicate
describes generally the bidding process
the specific section of this document to
DEPARTMENT OF HOMELAND for the sale and certain persons who are
which each comment applies, and ineligible to bid.
SECURITY
provide a reason for each suggestion or
DATES: A Bidder’s Information Package
Coast Guard recommendation.
(BIP) was made available on October 11,
[Docket No. USCG–2017–0194] If your material cannot be submitted 2017 on the HUD Web site at
using http://www.regulations.gov, www.hud.gov/fhaloansales. Bids for the
Waterway Suitability Assessment for contact the person in the FOR FURTHER loans must be submitted on the bid date,
Operation of Liquefied Hazardous Gas INFORMATION CONTACT section of this which is currently scheduled for
Terminal; Port Arthur, TX document for alternate instructions. November 8, 2017 between certain
Documents mentioned in this notice, specified hours. HUD anticipates that an
AGENCY: Coast Guard, DHS.
and all public comments, are in our award or awards will be made on or
ACTION: Request for comments; before November 9, 2017. Closing is
online docket at http://
extension of comment period. expected to take place between
www.regulations.gov and can be viewed
SUMMARY: We are extending the by following that Web site’s November 17, 2017 and November 20,
comment period on the subject request instructions. Additionally, if you go to 2017.
for comments that we published August the online docket and sign up for email ADDRESSES: To become a qualified
14, 2017. We are extending the deadline alerts, you will be notified when bidder and receive the BIP, prospective
by 30 days because interested parties comments are posted or a final rule is bidders must complete, execute, and
indicated the need for additional time to published. To view comments, go to submit a Confidentiality Agreement and
respond due to the effects from http://www.regulations.gov, type the a Qualification Statement acceptable to
Hurricane Harvey. The comment period docket number ‘‘USCG–2017–0194’’ in HUD. Both documents will be available
is now open through November 30, the ‘‘SEARCH’’ box and click on the HUD Web site at www.hud.gov/
2017. ‘‘SEARCH.’’ Click on ‘‘Open Docket fhaloansales. Please fax or email as well
DATES: Comments and related material Folder’’ on the line associated with this as mail executed original documents to
must be received on or before November notice and request for comments. We JS Watkins Realty Partners, LLC: JS
30, 2017. accept anonymous comments. All Watkins Realty Partners, LLC, c/o The
ADDRESSES: You may submit comments comments received will be posted Debt Exchange, 133 Federal Street, 10th
identified by docket number USCG– without change to http:// Floor, Boston, MA 02111, Attention:
2017–0194 using the Federal www.regulations.gov and will include MLS 2018–1 Sale Coordinator, Fax: 1–
eRulemaking Portal at http:// 978–967–8607, Email: mls2018-1@
asabaliauskas on DSKBBXCHB2PROD with NOTICES
any personal information you have
www.regulations.gov. See the ‘‘Public provided. For more about privacy and debtx.com.
Participation and Request for the docket, you may review a Privacy FOR FURTHER INFORMATION CONTACT: John
Comments’’ portion of the Act notice regarding the Federal Docket Lucey, Director, Asset Sales Office,
SUPPLEMENTARY INFORMATION section Management System in the March 24, Room 3136, U.S. Department of Housing
below for further instructions on 2005, issue of the Federal Register (70 and Urban Development, 451 Seventh
submitting comments. FR 15086). Street SW., Washington, DC 20410–
FOR FURTHER INFORMATION CONTACT: If 8000; telephone 202–402–3927.
you have questions on this notice, call Hearing- or speech-impaired individuals
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![50440 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices
origination and resulted in the payment Dated: October 26, 2017. T. 2 S., R. 16 E.
of an FHA insurance claim; Dana T. Wade, Secs. 31 and 32.
9. Any affiliate, principal or employee General Deputy Assistant Secretary for Fifth Principal Meridian, South Dakota
of any person or entity that, within the Housing.
T. 106 N., R. 71 W.
two-year period prior to November 1, [FR Doc. 2017–23677 Filed 10–30–17; 8:45 am] Sec. 13.
2017, serviced any Mortgage Loan or BILLING CODE 4210–67–P
performed other services for or on A person or party who wishes to
behalf of HUD; protest an official filing of a plat of
10. Any contractor or subcontractor to DEPARTMENT OF THE INTERIOR survey identified above must file a
HUD that otherwise had access to written notice of protest with the BLM
information concerning any Mortgage Bureau of Land Management Chief Cadastral Surveyor for Montana at
Loan on behalf of HUD or provided the address listed in the ADDRESSES
[LLMT926000 L19100000.BK0000
services to any person or entity which, section of this notice. The notice of
LRCSEX602400 XXX MO #4500112703]
within the two-year period prior to protest must identify the plat(s) of
November 1, 2017, had access to Notice of Proposed Filing of Plats of survey that the person or party wishes
information with respect to the Survey, South Dakota to protest. The notice of protest must be
Mortgage Loan on behalf of HUD; received in the BLM Montana State
and/or AGENCY: Bureau of Land Management, Office no later than the scheduled date
Interior. of the proposed official filing for the
11. Any employee, officer, director or
ACTION: Notice of proposed official plat(s) of survey being protested; if
any other person that provides or will
filing. received after regular business hours, a
provide services to the prospective
notice of protest will be considered filed
bidder with respect to the Mortgage SUMMARY: The plats of surveys for the the next business day. A written
Loans during any warranty period lands described in this notice are statement of reasons in support of the
established for the Loan Sale, that scheduled to be officially filed 30 protest, if not filed with the notice of
serviced the Mortgage Loans or calendar days after the date of this protest, must be filed with the BLM
performed other services for or on publication in the BLM Montana State Chief Cadastral Surveyor for Montana
behalf of HUD or within the two-year Office, Billings, Montana. The surveys, within 30 calendar days after the notice
period prior to November 1, 2017, which were executed at the request of of protest is received.
provided services to any person or the National Park Service, Midwest
entity which serviced, performed If a notice of protest of the plat(s) of
Regional Office, Omaha, Nebraska, and
services or otherwise had access to survey is received prior to the
Superintendent, Crow Creek Indian
information with respect to any scheduled date of official filing or
Reservation, Ft. Thompson, South
Mortgage Loan for or on behalf of HUD. during the 10 calendar day grace period
Dakota, are necessary for the
Other entities/individuals not provided in 43 CFR 4.401(a) and the
management of these lands.
described herein may also be restricted delay in filing is waived, the official
DATES: A person or party who wishes to filing of the plat(s) of survey identified
from bidding on the Mortgage Loans, as protest this decision must file a notice
fully detailed in the Qualification in the notice of protest will be stayed
of protest in time for it to be received pending consideration of the protest. A
Statement. in the BLM Montana State Office no plat of survey will not be officially filed
The Qualification Statement provides later than 30 days after the date of this until the next business day after all
further details pertaining to eligibility publication. timely protests have been dismissed or
requirements. Prospective bidders ADDRESSES: A copy of the plats may be otherwise resolved.
should carefully review the obtained from the Public Room at the
Qualification Statement to determine If a notice of protest is received after
BLM Montana State Office, 5001 the scheduled date of official filing and
whether they are eligible to submit bids Southgate Drive, Billings, Montana
on the Mortgage Loans in MLS 2018–1. the 10 calendar day grace period
59101, upon required payment. The provided in 43 CFR 4.401(a), the notice
Freedom of Information Act Requests plats may be viewed at this location at of protest will be untimely, may not be
no cost. considered, and may be dismissed.
HUD reserves the right, in its sole and FOR FURTHER INFORMATION CONTACT: Josh
absolute discretion, to disclose Alexander, BLM Chief Cadastral Before including your address, phone
information regarding MLS 2018–1, Surveyor for Montana; telephone: (406) number, email address, or other
including, but not limited to, the 896–5123; email: jalexand@blm.gov. personal identifying information in a
identity of any successful bidder and its Persons who use a telecommunications notice of protest or statement of reasons,
bid price or bid percentage for the device for the deaf (TDD) may call the you should be aware that the documents
Mortgage Loans, upon the closing of the Federal Relay Service (FRS) at (800) you submit—including your personal
sale of the Mortgage Loans. Even if HUD 877–8339 to contact the above identifying information—may be made
elects not to publicly disclose any individual during normal business publicly available in their entirety at
information relating to MLS 2018–1, hours. The FRS is available 24 hours a any time. While you can ask us to
HUD will have the right to disclose any day, 7 days a week, to leave a message withhold your personal identifying
information that HUD is obligated to information from public review, we
asabaliauskas on DSKBBXCHB2PROD with NOTICES
or question with the above individual.
disclose pursuant to the Freedom of You will receive a reply during normal cannot guarantee that we will be able to
Information Act and all regulations business hours. do so.
promulgated thereunder. Authority: 43 U.S.C. Chapter 3.
SUPPLEMENTARY INFORMATION: The lands
Scope of Notice surveyed are: Josh F. Alexander,
This notice applies to MLS 2018–1 Black Hills Meridian, South Dakota Chief Cadastral Surveyor for Montana.
and does not establish HUD’s policy for T. 2 S., R. 15 E. [FR Doc. 2017–23680 Filed 10–30–17; 8:45 am]
the sale of other mortgage loans. Secs. 35 and 36. BILLING CODE 4310–DN–P
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Document Created: 2018-10-25 10:18:42
Document Modified: 2018-10-25 10:18:42
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of sale of two multifamily mortgage loans. | |
| Dates | A Bidder's Information Package (BIP) was made available on October 11, 2017 on the HUD Web site at www.hud.gov/fhaloansales. Bids for the loans must be submitted on the bid date, which is currently scheduled for November 8, 2017 between certain specified hours. HUD anticipates that an award or awards will be made on or before November 9, 2017. Closing is expected to take place between November 17, 2017 and November 20, 2017. | |
| Contact | John Lucey, Director, Asset Sales Office, Room 3136, U.S. Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-8000; telephone 202-402- 3927. Hearing- or speech-impaired individuals may call 202-708-4594 (TTY). These are not toll-free numbers. | |
| FR Citation | 82 FR 50438 |
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