LOS ANGELES-CB Richard Ellis has launched a new small-balance loan sale advisory program within the company’s capital markets division and has named vice chairman Eric Tupler in Denver to oversee the newly launched effort. The new program provides commercial mortgage loan sale advisory services for individual assets and portfolios where the average loan sale is estimated to be less than $15 million.

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.”

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