Source: DebtX / #Finance #Loans
BOSTON, MA - DebtX, the largest marketplace for loans, today announced it 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).
"DebtX's upcoming sales reflect robust demand for performing and non-performing loans from investors around the world," said DebtX CEO Kingsley Greenland. "For financial institutions, it is an opportune time to sell."
Among the pools to be sold through December:
$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.
$83.8 million offering from a top-tier investment bank. The sale consists of performing loans collateralized by CRE and multifamily properties across the U.S. Bids will be accepted on Thursday, Dec. 15 by 2 p.m. Eastern.
$63.3 million offering for a top-tier U.S. bank. The sale consists of non-performing loans collateralized by CRE throughout the U.S. Bids will be accepted on Wednesday, Dec. 21 by 2 p.m. Eastern.
$33.5 million offering for a top-tier U.S. bank. The sale consists of a single, non-performing loan collateralized by CRE in Massachusetts. Bids will be accepted on Tuesday, Dec. 6 by 2 p.m. Eastern.
$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.
DebtX is the world's premier, full-service loan sale advisor for commercial, consumer and specialty finance debt. DebtX operates the largest online marketplace for loan sales, serving commercial banks, investment banks, insurance companies, and government-sponsored enterprises. DebtX's innovative deal management platform and loan sale process maximize proceeds and have been assessed and approved by many of the world's most sophisticated financial institutions for functionality, security and privacy. DebtX provides valuation and analytics services, including objective mark-to-market loan valuations using unique pricing models that incorporate data from hundreds of thousands of loans. DebtX provides web-based deal management platforms for syndication, agency, and loan sale professionals.