Notice of HUD-Held Healthcare Loan Sale (HLS 2019-1), 19802-19803 [2019-09237]
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Federal Register / Vol. 84, No. 87 / Monday, May 6, 2019 / Notices
Purpose and Description of Data
Collection
Public or private entities regulated by
TSA interested in participating in the
RSSP may submit an application to the
TSA Administrator requesting that TSA
provide screening services outside of an
existing primary passenger terminal
screening area where screening services
are currently provided or eligible to be
provided under TSA’s annually
appropriated passenger screening
program as a primary passenger
terminal screening area. The request
may only be submitted to TSA after
consultation with the relevant local
airport authority. The application is
used to identify basic information to
grant approval or denial.
The likely respondents to this
proposed information collection request
are public or private entities regulated
by TSA requesting the screening
services at an airport that is a
commercial service airport (as defined
by 49 U.S.C. 47107(7)). TSA estimates
the annual respondents for fiscal year
2019 to be no more than 12. The annual
burden for the information collection
related to providing screening services
is estimated to be 154 hours.
Use of Results
TSA will acknowledge receipt of the
application, review for completeness,
and provide an official response
granting approval, or denying the
request. If the application is approved
by TSA, TSA will enter into a contract
with the entity, under which the
requesting entity agrees in writing to the
scope of the screening services to be
provided and agrees to compensate TSA
for all reasonable personnel and nonpersonnel costs, including overtime, of
providing the screening services.
Dated: April 30, 2019.
Christina A. Walsh,
TSA Paperwork Reduction Act Officer,
Information Technology.
[FR Doc. 2019–09208 Filed 5–3–19; 8:45 am]
BILLING CODE 9110–05–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
jbell on DSK3GLQ082PROD with NOTICES
[Docket No. FR–6162–N–01]
Notice of HUD-Held Healthcare Loan
Sale (HLS 2019–1)
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice of sale of six healthcare
mortgage loans.
AGENCY:
VerDate Sep<11>2014
19:35 May 03, 2019
Jkt 247001
This notice announces HUD’s
intention to sell six unsubsidized
healthcare mortgage loans, without
Federal Housing Administration (FHA)
insurance, in a competitive, sealed bid
sale on or about June 12, 2019 (HLS
2019–1 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) will be made available on or about
May 15, 2019. Bids for the loans must
be submitted on the bid date, which is
currently scheduled for June 12, 2019,
between certain specified hours. HUD
anticipates that an award or awards will
be made on or before June 14, 2019.
Closing is expected to take place
between June 24, 2019 and June 28,
2019.
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 website 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:
HLS 2019–1 Sale Coordinator, Fax: 1–
978–967–8607, Email: hls2019-1@
debtx.com.
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 may call
202–708–4594 (TTY). These are not tollfree numbers.
SUPPLEMENTARY INFORMATION: HUD
announces its intention to sell in HLS
2019–1, six (6) unsubsidized mortgage
loans (Mortgage Loans), consisting of
five (5) first lien healthcare notes and
one (1) associated second lien note
secured by assisted living facilities
located in various locations in
Connecticut, Illinois, Maine, Ohio and
Pennsylvania. 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 Mortgage Loans will be stratified
for bidding purposes into several
SUMMARY:
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
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.
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 percent 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 are 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 HLS 2019–1.
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
E:\FR\FM\06MYN1.SGM
06MYN1
Federal Register / Vol. 84, No. 87 / Monday, May 6, 2019 / Notices
purchase price being returned to the
bidder. Deposits will be returned to
unsuccessful bidders after notification
to successful bidders on or before June
17, 2019. Closings are expected to take
place between June 24, 2019 and June
28, 2019.
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 HLS
2019–1. 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 HLS 2019–1 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
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.
jbell on DSK3GLQ082PROD with NOTICES
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
HLS 2019–1:
VerDate Sep<11>2014
19:35 May 03, 2019
Jkt 247001
1. A mortgagor or operator, 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. With respect to any other HUD
multifamily and/or healthcare mortgage
loan not offered in the Loan Sale, any
mortgagor or operator, incuding any
Related Party of either, 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 that fails to cure such default
or violation by no later than June 1,
2019;
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
HLS 2019–1;
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
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 June 1, 2019,
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 June
PO 00000
Frm 00051
Fmt 4703
Sfmt 9990
19803
1, 2019, 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 June 1, 2019, 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 HLS 2019–1.
Freedom of Information Act Requests
HUD reserves the right, in its sole and
absolute discretion, to disclose
information regarding HLS 2019–1,
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 HLS 2019–1,
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 HLS 2019–1
and does not establish HUD’s policy for
the sale of other mortgage loans.
Dated: April 25, 2019.
Brian D. Montgomery,
Assistant Secretary for Housing—Federal
Housing Commissioner.
[FR Doc. 2019–09237 Filed 5–3–19; 8:45 am]
BILLING CODE 4210–67–P
E:\FR\FM\06MYN1.SGM
06MYN1
Agencies
[Federal Register Volume 84, Number 87 (Monday, May 6, 2019)]
[Notices]
[Pages 19802-19803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09237]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-6162-N-01]
Notice of HUD-Held Healthcare Loan Sale (HLS 2019-1)
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice of sale of six healthcare mortgage loans.
-----------------------------------------------------------------------
SUMMARY: This notice announces HUD's intention to sell six unsubsidized
healthcare mortgage loans, without Federal Housing Administration (FHA)
insurance, in a competitive, sealed bid sale on or about June 12, 2019
(HLS 2019-1 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) will be made available on
or about May 15, 2019. Bids for the loans must be submitted on the bid
date, which is currently scheduled for June 12, 2019, between certain
specified hours. HUD anticipates that an award or awards will be made
on or before June 14, 2019. Closing is expected to take place between
June 24, 2019 and June 28, 2019.
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 website 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: HLS 2019-1 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 may call 202-708-4594
(TTY). These are not toll-free numbers.
SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in HLS
2019-1, six (6) unsubsidized mortgage loans (Mortgage Loans),
consisting of five (5) first lien healthcare notes and one (1)
associated second lien note secured by assisted living facilities
located in various locations in Connecticut, Illinois, Maine, Ohio and
Pennsylvania. 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 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.
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 percent 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 are 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 HLS 2019-
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
[[Page 19803]]
purchase price being returned to the bidder. Deposits will be returned
to unsuccessful bidders after notification to successful bidders on or
before June 17, 2019. Closings are expected to take place between June
24, 2019 and June 28, 2019.
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 HLS 2019-1. 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 HLS 2019-1 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 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 HLS
2019-1:
1. A mortgagor or operator, 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. With respect to any other HUD multifamily and/or healthcare
mortgage loan not offered in the Loan Sale, any mortgagor or operator,
incuding any Related Party of either, 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 that fails to cure such default or violation by no later
than June 1, 2019;
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 HLS 2019-1;
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 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 June 1, 2019, 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 June 1, 2019, 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
June 1, 2019, 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 HLS 2019-1.
Freedom of Information Act Requests
HUD reserves the right, in its sole and absolute discretion, to
disclose information regarding HLS 2019-1, 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 HLS 2019-1, 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 HLS 2019-1 and does not establish HUD's
policy for the sale of other mortgage loans.
Dated: April 25, 2019.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2019-09237 Filed 5-3-19; 8:45 am]
BILLING CODE 4210-67-P