DebtX, the nation's largest loan sale advisor for commercial debt, today announced the sale of more than $380 million in Commercial Real Estate loans secured by properties in the southeastern United States.
The transaction includes more than 200 lending relationships. The loans range in size up to $20 million and are secured primarily by land and commercial and residential development projects throughout the Southeast, including Atlanta, Orlando, and South Florida. Investors will be given the opportunity to bid on pools and individual loans. Performing, sub-performing and non-performing loans are being sold.
The first of four loan portfolios will bid April 15, 2008. DebtX is conducting an extensive marketing campaign to reach U.S. and global investors in support of the transaction. Qualified investors can register to view and bid on the assets at www.debtx.com or call 617-531-3400 for more information.