DebtX To Sell $200M In Performing CRE Loans

-based DebtX says it will sell approximately $200 million of performing commercial real estate loans on behalf of a major U.S. financial institution. The sale includes 90 performing loans collateralized primarily by properties in California; New York; Washington; Washington, D.C.; and Illinois. The loans were underwritten for multifamily, retail, industrial, office, warehouse and mixed-use properties, as well as mobile home parks and self-storage facilities. Bids for the loans are due midday Aug. 18, and buyers may bid on each loan individually or create customized pools. "The loans offered in this sale will provide an opportunity to purchase product of very high quality," says DebtX CEO Kingsley Greenland. "We're expecting strong interest from national banks, community banks and institutional investors.’ SOURCE: [link=http://www.debtx.com/Articles/Article.asp?id=2010-07-001-Resi]DebtX

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