The new program has already closed on two note sales. Both note sales were collateralized by unsold condominium units, for projects in Chicago and Miami.

Tupler says that, with more than 200 CBRE offices throughout the country, the LSA-SB program will provide lenders on assets throughout the country with the opportunity to sell notes on a one-off basis. This, he says, "will greatly maximize their return on sale."

Tupler explains that every note sale in CBRE's loan advisory services program is supported by local market professionals who provide real-time market and collateral information. He says the program employs national and local investor databases to maximize the visibility of each offering. In one recent transactions, for example, CBRE identified more than 11,000 investors, generated more than 475 executed confidentiality agreements and received over 30 qualified offers.

CBRE's large-balance group will continue to be overseen by EVP Dave Dorros in the Los Angeles-based company's Washington DC office and SVP Pat Arangio at CBRE's New York City office. The CBRE loan sale advisory team provides services for loans in all stages–performing, sub-performing and non-performing–and for all commercial asset types.