Eighty percent of portfolio is categorized as performing loans.Merrie Duncan, marketing director for Oklahoma City-based FirstFinancial Network Inc., tells GlobeSt.com that the pool mixincludes seven gaming loans totaling nearly $66 million that willbe individually offered. "That's an interesting spin on thisportfolio," she says.

Thirty-seven percent of the portfolio's properties are locatedin Arizona, 36% in Nevada, 15% in California and the balancescattered throughout other western and southwestern states. Duncansays the portfolio will be marketed to First Financial'straditional wholesale loan buyers, commercial real estate investorsand financiers of gaming properties.

First Financial has divvied the portfolio of fixed and variablerates into stratified pools. Any loan exceeding $5 million isconsidered a single pool. A hotel, encumbered by $16 million, isconsidered one pool as is an eight-loan residential package with a$2.2-million debt. "The reason this is done is to increaseparticipation," Duncan explains. "This allows investors to selectwhat they want."