BOSTON, MA - KDX Ventures (KDX), a partnership of DebtX and KEMA Advisors, will sell $144 million in multi-family and healthcare loans for the U.S. Department of Housing and Urban Development (HUD). The portfolio includes 15 multifamily loans and four healthcare loans, ranging in size from approximately $1 million to $30 million. The collateral is located in 12 states in the East, South and Midwest. Investors may bid on any individual loan or on pre-determined pools of loans. Bids will be accepted at www.debtx.com on Feb. 4, 2009.
"KDX Ventures is expecting strong interest in these HUD loans due to increasing demand for product from investors around the world," said DebtX CEO Kingsley Greenland. "Over the past three months, a significant new number of investors have entered the whole loan marketplace. The increasing liquidity is likely to mean very active bidding for the HUD loans."
KDX Ventures (KDX) is a partnership between DebtX, the largest marketplace for commercial loans, and KEMA Advisors, a boutique investment banking firm. The transaction announced today is the first since KDX Ventures signed a multi-year agreement with HUD in October to sell loans.
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 marketplaces for loans, with more than 4,000 registered and approved investors and approximately 300 institutions, including commercial banks, insurance companies, investment banks and government-sponsored entities. 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.
KEMA is a boutique financial advisory firm that assists clients in the management and disposition of real estate loans, commercial loans and other corporate assets. KEMA is a minority-owned business, a U.S. Small Business Administration 8(a)certified firm, and a certified Historically Underutilized Business by the North Carolina Department of Administration. KEMA is headquartered in Hillsborough, NC and maintains satellite offices in Washington, D.C. and New York.
Source: PRNewswire.com