Amerant Bancorp in Coral Gables, Fla., sold a portfolio of mortgages at a $12.6 million loss.
The company disclosed in a regulatory filing that it sold 323 investment property, residential mortgage loans to Temple View Capital Funding and TVC Funding VII for $58.9 million in cash.
The loans had an outstanding principal balance of $71.4 million.
The sales come on the heels of Amerant restructuring its securities portfolio and selling its Houston branches.