Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 2008-1), 8896-8897 [E8-2833]

Download as PDF 8896 Federal Register / Vol. 73, No. 32 / Friday, February 15, 2008 / Notices triennial inspection date will be scheduled for October 2010. FOR FURTHER INFORMATION CONTACT: Commercial Gauger Laboratory Program Manager, Laboratories and Scientific Services, U.S. Customs and Border Protection, 1300 Pennsylvania Avenue, NW., Suite 1500N, Washington, DC 20229, 202–344–1060. Services, U.S. Customs and Border Protection, 1300 Pennsylvania Avenue, NW., Suite 1500N, Washington, DC 20229, 202–344–1060. Dated: January 31, 2008. Ira S. Reese, Executive Director, Laboratories and Scientific Services. [FR Doc. E8–2939 Filed 2–14–08; 8:45 am] Dated: January 31, 2008. Ira S. Reese, Executive Director, Laboratories and Scientific Services. [FR Doc. E8–2915 Filed 2–14–08; 8:45 am] BILLING CODE 9111–14–P BILLING CODE 9111–14–P [Docket No. FR–5113–N–03] DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 2008–1) DEPARTMENT OF HOMELAND SECURITY Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of sale of mortgage loans. AGENCY: U.S. Customs and Border Protection Approval of Los Angeles Bunker Surveyors, Inc., as a Commercial Gauger U.S. Customs and Border Protection, Department of Homeland Security. ACTION: Notice of approval of Los Angeles Bunker Surveyors, Inc., as a commercial gauger. rwilkins on PROD1PC63 with NOTICES AGENCY: SUMMARY: Notice is hereby given that, pursuant to 19 CFR 151.13, Los Angeles Bunker Surveyors, Inc., 214 N. Marine Ave., Wilmington, CA 90744, has been approved to gauge petroleum, petroleum products, organic chemicals and vegetable oils for customs purposes, in accordance with the provisions of 19 CFR 151.13. Anyone wishing to employ this entity to conduct gauger services should request and receive written assurances from the entity that it is approved by the U.S. Customs and Border Protection to conduct the specific gauger service requested. Alternatively, inquiries regarding the specific gauger service this entity is approved to perform may be directed to the U.S. Customs and Border Protection by calling (202) 344–1060. The inquiry may also be sent to cbp.labhq@dhs.gov. Please reference the Web site listed below for a complete listing of CBP approved gaugers and accredited laboratories. https://cbp.gov/xp/cgov/ import/operations_support/ labs_scientific_svcs/ commercial_gaugers/. DATES: The approval of Los Angeles Bunker Surveyors, Inc., as commercial gauger became effective on July 11, 2007. The next triennial inspection date will be scheduled for July 2010. FOR FURTHER INFORMATION CONTACT: Commercial Gauger Laboratory Program Manager, Laboratories and Scientific VerDate Aug<31>2005 15:58 Feb 14, 2008 Jkt 214001 SUMMARY: This notice announces HUD’s intention to sell certain unsubsidized multifamily and healthcare mortgage loans, without Federal Housing Administration (FHA) insurance, in a competitive, sealed bid sale (MHLS 2008–1). This notice also describes generally the bidding process for the sale and certain persons who are ineligible to bid. DATES: The Bidder’s Information Package (BIP) will be made available to qualified bidders on or about February 1, 2008. Bids for the loans must be submitted on the bid date, which is currently scheduled for February 27, 2008. HUD anticipates that awards will be made on or before February 28, 2008. Closings are expected to take place between March 3, 2008 and March 14, 2008. 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 https:// www.hud.gov/offices/hsg/comp/asset/ mfam/mhls.cfm. The executed documents must be mailed and faxed to Corporate Finance Services LLC (CFS) and/or Cushman & Wakefield, Sale Coordinator, Fax: 1–703–847–2783. FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy Director, Asset Sales Office, Room 3136, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410–8000; telephone 202–708–2625, extension 3927. Hearing- or speechimpaired individuals may call 202–708– 4594 (TTY). These are not toll-free numbers. PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 HUD announces its intention to sell in MHLS 2008–1 certain unsubsidized mortgage loans (Mortgage Loans) secured by multifamily and healthcare properties located throughout the United States. The Mortgage Loans are comprised primarily of non-performing mortgage loans. A final listing of the Mortgage Loans will be included in the BIP. The Mortgage Loans will be sold without FHA insurance and with servicing released. HUD will offer qualified bidders an opportunity to bid competitively on the Mortgage Loans. The Mortgage Loans will be stratified for bidding purposes into several mortgage loan pools. Each pool will contain Mortgage Loans that generally have similar performance, property type, geographic location, lien position and other characteristics. Qualified bidders may submit bids on one or more pools of Mortgage Loans or may bid on individual loans. A Mortgagor who is a qualified bidder may submit an individual bid on its own Mortgage Loan. Interested Mortgagors should review the Qualification Statement to determine whether they may also be eligible to qualify to submit bids on one or more pools of Mortgage Loans or on individual loans in MHLS 2008–1. SUPPLEMENTARY INFORMATION: The Bidding Process The BIP will describe in detail the procedure for bidding in MHLS 2008–1. The BIP will also include a standardized non-negotiable loan sale agreement (Loan Sale Agreement). As part of its bid, each bidder must submit a deposit equal to the greater of $100,000 or 10% of the bid price. In the event the bidder’s aggregate bid is less than $100,000.00, 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 bids 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. Deposits will be returned to unsuccessful bidders. Closings are scheduled to occur between March 3, 2008 and March 14, 2008. These are the essential terms of sale. The Loan Sale Agreement, which will be included in the BIP, will contain 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 will describe the due diligence process for reviewing loan files in MHLS 2008–1. Qualified bidders E:\FR\FM\15FEN1.SGM 15FEN1 Federal Register / Vol. 73, No. 32 / Friday, February 15, 2008 / Notices 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 will be provided in the BIP. Mortgage Loan Sale Policy HUD reserves the right to add Mortgage Loans to or delete Mortgage Loans from MHLS 2008–1 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 any Mortgage Loans in a later sale. Mortgage Loans will not be withdrawn after the Award Date except as is specifically provided in the Loan Sale Agreement. This is a sale of unsubsidized 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). rwilkins on PROD1PC63 with NOTICES 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 quickest and 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 ineligible to bid on any of the Mortgage Loans included in MHLS 2008–1: (1) Any employee of HUD, a member of such employee’s household, or an entity owned or controlled by any such employee or member of such an employee’s household; (2) any individual or entity that is debarred, suspended, or excluded from doing business with HUD pursuant to Title 24 of the Code of Federal Regulations, Part 24; (3) 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 MHLS 2008–1; (4) any individual who was a principal, partner, director, agent or employee of any entity or individual described in subparagraph 3 above, at VerDate Aug<31>2005 15:58 Feb 14, 2008 Jkt 214001 any time during which the entity or individual performed services for or on behalf of HUD in connection with MHLS 2008–1; (5) any individual or entity that uses the services, directly or indirectly, of any person or entity ineligible under subparagraphs 1 through 4 above to assist in preparing any of its bids on the Mortgage Loans; (6) any individual or entity which employs or uses the services of an employee of HUD (other than in such employee’s official capacity) who is involved in MHLS 2008–1; (7) any mortgagor (or affiliate of a mortgagor) that failed to submit to HUD on or before February 21, 2008, audited financial statements for fiscal years 1999 through 2006 for a project securing a Mortgage Loan; (8) 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 in any of HUD’s multifamily housing programs and that is in default under such mortgage loan or is in violation of any regulatory or business agreements with HUD, unless such default or violation is cured on or before February 21, 2008; (9) any entity or individual that serviced or held any Mortgage Loan at any time during the 2-year period prior to January 1, 2008, is ineligible to bid on such Mortgage Loan or on the pool containing such Mortgage Loan, but may bid on loan pools that do not contain Mortgage Loans that they have serviced or held at any time during the 2-year period prior to January 1, 2008; and (10) any affiliate or principal of any entity or individual described in the preceding sentence (subparagraph 9); any employee or subcontractor of such entity or individual during that 2-year period; or any entity or individual that employs or uses the services of any other entity or individual described in this subparagraph in preparing its bid on such Mortgage Loan. Prospective bidders should carefully review the Qualification Statement to determine whether they are eligible to submit bids on the Mortgage Loans in MHLS 2008–1. Freedom of Information Act Requests HUD reserves the right, in its sole and absolute discretion, to disclose information regarding MHLS 2008–1, including, but not limited to, the identity of any successful bidder and its bid price or bid percentage for any pool of loans or individual loan, upon the closing of the sale of all the Mortgage Loans. Even if HUD elects not to publicly disclose any information PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 8897 relating to MHLS 2008–1, 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 there under. Scope of Notice This notice applies to MHLS 2008–1 and does not establish HUD’s policy for the sale of other mortgage loans. Dated: February 8, 2008. John L. Garvin, Acting Deputy Assistant Secretary for Multifamily Housing, Office of Housing. [FR Doc. E8–2833 Filed 2–14–08; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Bureau of Indian Affairs Draft Environmental Impact Statement for the Confederated Tribes of the Warm Springs Reservation of Oregon’s Proposed Trust Acquisition and Resort and Casino Project, Cascade Locks, Hood River County, OR Bureau of Indian Affairs, Interior. ACTION: Notice. AGENCY: SUMMARY: This notice advises the public that the Bureau of Indian Affairs (BIA) as lead agency, with the Confederated Tribes of the Warm Springs Reservation of Oregon (Tribes), the Oregon Department of Transportation, the City of Cascade Locks, the Port of Cascade Locks, Hood River County and the Federal Highway Administration as cooperating agencies, intends to file a Draft Environmental Impact Statement (DEIS) for a proposed 25-acre trust acquisition and resort and casino project to be located within the City of Cascade Locks, Hood River County, Oregon, and that the DEIS is now available for public review. Public review of the DEIS is part of an administrative process designed to evaluate tribal applications that seek to have the United States to take land into Federal trust pursuant to 25 CFR part 151. Reviewers are advised that we will consider public comments carefully prior to deciding whether to approve or disapprove this application. This notice also extends the normal 45-day public comment period to 90 days in order to accommodate heightened public interest in this proposed action, and it announces five public hearings to receive comments on the DEIS. DATES: Written comments on the DEIS must arrive by May 15, 2008. The dates and times for the public hearings are as follows: E:\FR\FM\15FEN1.SGM 15FEN1

Agencies

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 73, Number 32 (Friday, February 15, 2008)]
[Notices]
[Pages 8896-8897]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-2833]


=======================================================================
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5113-N-03]


Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 
2008-1)

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice of sale of mortgage loans.

-----------------------------------------------------------------------

SUMMARY: This notice announces HUD's intention to sell certain 
unsubsidized multifamily and healthcare mortgage loans, without Federal 
Housing Administration (FHA) insurance, in a competitive, sealed bid 
sale (MHLS 2008-1). This notice also describes generally the bidding 
process for the sale and certain persons who are ineligible to bid.

DATES: The Bidder's Information Package (BIP) will be made available to 
qualified bidders on or about February 1, 2008. Bids for the loans must 
be submitted on the bid date, which is currently scheduled for February 
27, 2008. HUD anticipates that awards will be made on or before 
February 28, 2008. Closings are expected to take place between March 3, 
2008 and March 14, 2008.

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 https://
www.hud.gov/offices/hsg/comp/asset/mfam/mhls.cfm. The executed 
documents must be mailed and faxed to Corporate Finance Services LLC 
(CFS) and/or Cushman & Wakefield, Sale Coordinator, Fax: 1-703-847-
2783.

FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy Director, Asset 
Sales Office, Room 3136, Department of Housing and Urban Development, 
451 Seventh Street, SW., Washington, DC 20410-8000; telephone 202-708-
2625, extension 3927. Hearing- or speech-impaired individuals may call 
202-708-4594 (TTY). These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in MHLS 
2008-1 certain unsubsidized mortgage loans (Mortgage Loans) secured by 
multifamily and healthcare properties located throughout the United 
States. The Mortgage Loans are comprised primarily of non-performing 
mortgage loans. A final listing of the Mortgage Loans will be included 
in the BIP. The Mortgage Loans will be sold without FHA insurance and 
with servicing released. HUD will offer qualified bidders an 
opportunity to bid competitively on the Mortgage Loans.
    The Mortgage Loans will be stratified for bidding purposes into 
several mortgage loan pools. Each pool will contain Mortgage Loans that 
generally have similar performance, property type, geographic location, 
lien position and other characteristics. Qualified bidders may submit 
bids on one or more pools of Mortgage Loans or may bid on individual 
loans. A Mortgagor who is a qualified bidder may submit an individual 
bid on its own Mortgage Loan. Interested Mortgagors should review the 
Qualification Statement to determine whether they may also be eligible 
to qualify to submit bids on one or more pools of Mortgage Loans or on 
individual loans in MHLS 2008-1.

The Bidding Process

    The BIP will describe in detail the procedure for bidding in MHLS 
2008-1. The BIP will also include a standardized non-negotiable loan 
sale agreement (Loan Sale Agreement).
    As part of its bid, each bidder must submit a deposit equal to the 
greater of $100,000 or 10% of the bid price. In the event the bidder's 
aggregate bid is less than $100,000.00, 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 bids 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. Deposits will be returned to unsuccessful bidders. 
Closings are scheduled to occur between March 3, 2008 and March 14, 
2008.
    These are the essential terms of sale. The Loan Sale Agreement, 
which will be included in the BIP, will contain 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 will describe the due diligence process for reviewing loan 
files in MHLS 2008-1. Qualified bidders

[[Page 8897]]

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 will be provided in the BIP.

Mortgage Loan Sale Policy

    HUD reserves the right to add Mortgage Loans to or delete Mortgage 
Loans from MHLS 2008-1 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 any Mortgage Loans in a 
later sale. Mortgage Loans will not be withdrawn after the Award Date 
except as is specifically provided in the Loan Sale Agreement.
    This is a sale of unsubsidized 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 quickest and 
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 
ineligible to bid on any of the Mortgage Loans included in MHLS 2008-1:
    (1) Any employee of HUD, a member of such employee's household, or 
an entity owned or controlled by any such employee or member of such an 
employee's household;
    (2) any individual or entity that is debarred, suspended, or 
excluded from doing business with HUD pursuant to Title 24 of the Code 
of Federal Regulations, Part 24;
    (3) 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 MHLS 2008-1;
    (4) any individual who was a principal, partner, director, agent or 
employee of any entity or individual described in subparagraph 3 above, 
at any time during which the entity or individual performed services 
for or on behalf of HUD in connection with MHLS 2008-1;
    (5) any individual or entity that uses the services, directly or 
indirectly, of any person or entity ineligible under subparagraphs 1 
through 4 above to assist in preparing any of its bids on the Mortgage 
Loans;
    (6) any individual or entity which employs or uses the services of 
an employee of HUD (other than in such employee's official capacity) 
who is involved in MHLS 2008-1;
    (7) any mortgagor (or affiliate of a mortgagor) that failed to 
submit to HUD on or before February 21, 2008, audited financial 
statements for fiscal years 1999 through 2006 for a project securing a 
Mortgage Loan;
    (8) 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 in any of HUD's multifamily housing programs and 
that is in default under such mortgage loan or is in violation of any 
regulatory or business agreements with HUD, unless such default or 
violation is cured on or before February 21, 2008;
    (9) any entity or individual that serviced or held any Mortgage 
Loan at any time during the 2-year period prior to January 1, 2008, is 
ineligible to bid on such Mortgage Loan or on the pool containing such 
Mortgage Loan, but may bid on loan pools that do not contain Mortgage 
Loans that they have serviced or held at any time during the 2-year 
period prior to January 1, 2008; and
    (10) any affiliate or principal of any entity or individual 
described in the preceding sentence (subparagraph 9); any employee or 
subcontractor of such entity or individual during that 2-year period; 
or any entity or individual that employs or uses the services of any 
other entity or individual described in this subparagraph in preparing 
its bid on such Mortgage Loan.
    Prospective bidders should carefully review the Qualification 
Statement to determine whether they are eligible to submit bids on the 
Mortgage Loans in MHLS 2008-1.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding MHLS 2008-1, including, but not limited 
to, the identity of any successful bidder and its bid price or bid 
percentage for any pool of loans or individual loan, upon the closing 
of the sale of all the Mortgage Loans. Even if HUD elects not to 
publicly disclose any information relating to MHLS 2008-1, 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 there under.

Scope of Notice

    This notice applies to MHLS 2008-1 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: February 8, 2008.
John L. Garvin,
Acting Deputy Assistant Secretary for Multifamily Housing, Office of 
Housing. 7
[FR Doc. E8-2833 Filed 2-14-08; 8:45 am]
BILLING CODE 4210-67-P

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