Kennedy Wilson Thriving on opportunity

Loan Portfolio

In February of 2010, Kennedy Wilson acquired a $342 million loan portfolio from a regional bank.  The portfolio was comprised of a combination of performing, sub-performing and non-performing loans and a vast majority of the collateral was located in Southern California.  Kennedy Wilson sourced the acquisition off market through existing relationships with the bank.

The deal was underwritten and closed in 25 days from start to finish and was the largest acquisition in the company's history as well as the first and largest West Coast real estate backed bank loan transactions in 2010.