NEW YORK CITY-It should take a little more than a month for Carlton Advisory to solicit, sift through and choose winning bids on its newly unveiled sale of some $320 million in commercial loans. Carlton Advisory is a locally based loan-sale advisor.

Managing director Steven R. Scorgie tells that the loans are secured by a variety of assets–including office, industrial and hotels–dotted the country.

He was tight-lipped on the identities of the nine different institutional and investment partnership sellers who were contributing the assets, although a prepared statement hinted that they included “an insurance company, several investment and commercial banks and three hedge and investment-partnership funds.” Scorgie predicts that, with RFPs going out today, final bid winners will be tapped by the end of May.

The loans consist primarily of performing, sub-performing and nonperforming loan assets. There are also a number of retail and hotel B-Notes being offered and a small collection of loans unrelated to real estate.

Even though the RFPs are going out today, Carlton founder and chairman Howard L. Michaels boasts that, “we’ve already seen a tremendous amount of interest from the investment and banking community in this loan sale.”

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