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

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

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