(Carl Cronan is editor of Real EstateFlorida.)
WEST PALM BEACH, FL-Carlton Advisory Services Inc. has beenappointed to sell off up to $350 million worth of outstanding loanassets on behalf of two major financial institutions.Confidentiality agreements prohibit the firm from disclosingspecific information on the properties involved, though Carltonexecutives say the majority are in Florida.
The larger loan portfolio, totaling $259 million in 39 loans,includes more than $80 million worth of assets along the state'swest coast with a strong concentration in the Tampa Bay market. Oneof the loans is secured by at least 500 acres of fully andpartially developed prime land lots near the Gulf of Mexico.
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