FNMA/PACIFICA SINGLE FAMILY PORTFOLIO was the first auction of foreclosed homes to be managed as rentals. Fannie Mae sold 699 homes to Pacifica Companies in which Fannie Mae provided joint venture financing for the transaction. We provided significant underwriting services to Pacifica on rents and occupancy on the portfolio which was spread throughout Florida, in addition to Construction Services and bid estimates for the renovation of vacant houses in the portfolio.