Structured Sales Transactions

These transactions are sales of Fannie Mae single-family real estate owned properties in structured arrangements that utilize the asset management experience of the private sector. Transactions may contain post-closing conditions such as periods during which assets are rented with restrictions on the amount of properties that may be sold. These transactions have the potential of stabilizing property maintenance standards and enhancing rental inventory of various markets. While a transaction may contain properties in different areas of one or more states, the properties within an area are geographically concentrated. These structured transactions include Sole Owner transactions, where investors acquire a sole economic interest in the assets subject to certain asset management requirements, and Joint Venture transactions where Fannie Mae and the investor own interests in future cash flows.

Fannie Mae Single Family Residential REO Rental Structured Transaction History

Sale ID
SFR 2012-1
Florida
SFR 2012-1
Chicago
SFR 2012-1
U.S. West
Geography
of Properties I
Transaction
Closing Date II
Property
Type III
No. of
Properties IV
Recent Third
Party Value V
($ Millions)
Price Paid for
Bidder Interest VI, XI
($ Millions)
Transaction
Value VII
($ Millions)
Transaction
Value VIII
(%)
Transaction
Structure IX
Interest
Sold X
Winning
Bidder
Winning
Bidder Address
Related
Links
Florida
(Central and Northeast,
Southeast, West Coast)
9/6/2012 Single Family Residential
(Tenant Occupied, Vacant)
699 $81.5 $12.3 $78.1 95.8% Modified Cashflow (2:1) 10% of equity cashflow
shifting to 50% after Shift
Threshold of $49.31mm
Pacifica L 47, LLC 1775 Hancock Street,
Suite 200
San Diego, CA 92110
Press Release
Transaction Summary
Documents
Bid Summary
Chicago, Illinois 9/27/2012 Single Family Residential
(Tenant Occupied, Vacant)
94 $13.7 $2.1 $11.8 86.2% Modified Cashflow (2:1) 10% of equity cashflow
shifting to 50% after Shift
Threshold of $8.39mm
Cogsville Capital
Partners Fund I, LP
461 Fifth Avenue,
12th Floor
New York, NY 10017
Press Release
Transaction Summary
Documents
Bid Summary
Arizona, California, Nevada 11/01/2012 Single Family Residential
(Tenant Occupied, Vacant)
970 $156.8 $34.1 $176.0 112.3% Modified Cashflow (2:1) 10% of equity cashflow
shifting to 50% after Shift
Threshold of $136.47mm
CSFR FM 2012-1
U.S. WEST, LLC
2450 Broadway,
Sixth Floor
Los Angeles, CA 90404
Press Release
Transaction Summary
Documents
Bid Summary
Online Offers Close
After March 5, 2013, all counter offers must be submitted on the Online Offers system on the HomePath.com site. This applies to both counter offers submitted by Fannie Mae listing agents and counters submitted on behalf of the buyer by buyer's agents.

Please refer to http://www.homepath.com/offerQuestion.html for instructions on how to submit the counter through the Online Offers system. You can also call 1-866-218- 4446 for assistance.

Report Mortgage Fraud

Report possible fraud directly to Fannie Mae at MortgageFraud_Tips@FannieMae.com. You may also call our Fraud Tips Hotline at 1-800-7FANNIE (1-800-732-6643) to report possible fraud or if you have other concerns relating to a Fannie Mae-owned property.