The assets were delivered in separate pools over time, and there were separate closings for each pool.
The selected general partner paid the RTC for its partnership interest in the assets.
There were two MIF transactions involving more than 1,000 loans having an aggregate book value of slightly over $2 billion and an aggregate DIV of $982 million.
The N-Series and S-Series mortgage trust programs were successor programs to the MIF program.
While a number of different structures were used, all of the equity partnerships involved a private sector partner acquiring a partial interest in a pool of assets, controlling the management and sale of the assets in the pool, and making distributions to the RTC based on the RTC's retained interest.