"Sellers are moving aggressively to dispose of loans and benefit from stronger balance sheets," Kingsley Greenland, DebtX CEO, explains in a release. "Investors have an opportunity to buy a wide range of both performing and nonperforming loans from these sales."
A northeastern regional bank will break up its loans over two days of bids. The first will come in on Tuesday, June 15 by 2:00p.m. EST for $207 million in loans consisting of:
- $76 million of commercial real estate;
- $57 million of Land/Acquisition & Development;
- $52 million of commercial & industrial; and
- $22 million of loan participations.
- $69 million of commercial real estate;
- $39 million of C&I;
- $36 million of Land/A&D;
- $8 million of loan participation; and
- $5 million of consumer.
Finally $39 million of nonperforming commercial real estate loans from a financial services company in the South will have bids due by Tuesday, June 8 by 2:00 p.m. EST. The loans are secured by properties in South Carolina, Florida and Georgia. Information about bids and due diligence material can be found at www.debtx.com.
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