DEBTX TO SELL $269 MILLION IN LOANS
Loans From Failed Banks in Georgia and Washington To Be Sold May 12BOSTON,
April 24, 2009
DebtX, the largest marketplace for loans, today announced it will sell more than $269 million in
Commercial Real Estate, Commercial & Industrial and consumer loans from two Federal Deposit
Insurance Corporation (FDIC) receiverships on May 12.
The transactions include the following:
- $190 million is being offered on behalf of the FDIC as receiver for Bank of Clark County of
Vancouver, Washington, including performing and non-performing loans secured by office, industrial,
retail, healthcare, autos, and business assets.
- $79 million is being offered on behalf of the FDIC as receiver for FirstBank Financial Services
of McDonough, Georgia, including performing and non-performing loans secured by retail, office,
industrial, auto/consumer, and business assets.
Due diligence materials for both transactions are now available at www.debtx.com.
“We expect strong investor interest for the FDIC loans that DebtX is selling on May 12,” said DebtX CEO Kingsley Greenland.
“Over the past six months, the number of bids per offering at DebtX has increased an average of 25% due to heightened demand
for both performing and non-performing product.”
About DebtX
DebtX is one of the world’s leading full-service loan sale advisors for commercial, consumer and specialty finance debt.
DebtX operates the world’s largest and most liquid online marketplace for loans, with more than 6,000 registered and approved
investors and more than 300 selling institutions, including commercial banks, insurance companies, investment banks and
government-sponsored enterprises. DebtX also offers DXMark®, the first objective valuation of commercial real estate portfolios
based on actual secondary market loan sales. DXOpen® is a family of deal management products used by syndication and agency
services professionals. DebtX is based in Boston, with U.S. offices in Atlanta, New York, and San Francisco, and European offices
in London and Frankfurt. For information, call 617-531-3400 or visit www.debtx.com.
Media Contact:
Greg Berardi, Blue Marlin Partners, 415-239-7826,
greg@bluemarlinpartners.com
