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DebtX is selling $416 million in performing and non-performing loans for 14 financial institutions and the U.S. Department of Housing and Urban Development (HUD).
from investors around the world," DebtX CEO Kingsley Greenland said in a statement. "For financial institutions, it is an opportune time to sell."
Among the pools to be sold through December:
A $86.6 million offering from HUD. The sale consists of nonperforming loans for multifamily and healthcare facilities in 11 states. DebtX is offering the sale on behalf of KEMA Advisors. Bids will be accepted on Wednesday, Dec. 14 by 1 p.m. Eastern.
A $83.8 million offering from a top-tier investment bank. The sale consists of performing loans collateralized by commercial and multifamily properties across the U.S. Bids will be accepted on Thursday, Dec. 15 by 2 p.m. Eastern.
A $63.3 million offering for a top-tier U.S. bank. The sale consists of nonperforming loans collateralized by commercial real estate throughout the U.S. Bids will be accepted on Wednesday, Dec. 21 by 2 p.m. Eastern.
A $33.5 million offering for a top-tier U.S. bank. The sale consists of a single, nonperforming loan collateralized by commercial real estate in Massachusetts. Bids will be accepted on Tuesday, Dec. 6 by 2 p.m. Eastern.
A $39.4 million offering for a regional bank in the West. The sale consists of seasoned performing and non-performing loans in California, Colorado, Iowa and Oregon. The loans are collateralized by multifamily, retail, office, mixed-use and residential properties in addition to land. Bids will be accepted on Thursday, Dec. 8 by 2 p.m. Eastern.
Auction.com Preps Another Nevada Auction
Auction.com announced a second large Nevada Commercial Real Estate auction, scheduled for February 13-15, 2012.
This new auction follows the successful May 2011 Commercial Real Estate and Non-Performing Loan auction it hosted that culminated in the sale of $545 million of assets and millions paid in referrals to brokers representing buyers in this event.
For the February 2012 auction event, Auction.com is inviting brokers to include commercial real estate properties they represent and owners looking to sell their properties to eager buyers in Nevada, the U.S. and...