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Press Releases DEBTX TO SELL $200 MILLION IN PERFORMING LOANSCommercial Real Estate Loans To Be Offered August 18 BOSTON, July 20, 2010 DebtX, the largest marketplace for loans, today announced it will sell approximately $200 million of performing Commercial Real Estate (CRE) 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 multi-family, retail, industrial, office, warehouse, and mixed-use properties, as well as mobile home parks and self-storage facilities. Bids are due Aug. 18 by 2:00 p.m. Eastern. “The loans offered in this sale will provide an opportunity to purchase product of very high quality,” said DebtX CEO Kingsley Greenland. “We’re expecting strong interest from national banks, community banks and institutional investors. For sellers, the sale of performing loans demonstrates how financial institutions can work with DebtX to rebalance their portfolios through active portfolio management.” Qualified investors interested in this sale can get more information by calling DebtX’s Will Mercer, About DebtX Media Contact |