Freddie Mac has sold via auction 68 non-performing residential first lien loans (NPLs) serviced by Select Portfolio Servicing Inc. to Restora LLC. Restora LLC is majority owned by Restorative Neighborhood Resources LLC (RNR).
Skid Row Housing Trust is the sole member of RNR. It provides permanent supportive housing so that people who have experienced homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness. The sale