X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-KDX Ventures, a locally based partnership, is being tapped by the US Department of Housing and Urban Development (HUD) to sell $144 million worth of loans. The partnership of DebtX and KEMA Advisors is marketing the portfolio of 15 multifamily and four healthcare loans.

“KDX Ventures is expecting strong interest in these HUD loans due to increasing demand for product from investors around the world,” says DebtX CEO Kingsley Greenland, in a statement. “Over the past three months a significant new number of investors have entered the whole loan marketplace. The increasing liquidity is likely to mean very active bidding for the HUD loans.”

The loans range from as little as $1 million to as much as $30 million. The associated property is located throughout 12 states and the loans may be bid upon individually or as pre-determined pools of loans. Bids can be made at www.debtx.com.

DebtX is a full-service loan sale advisor, while KEMA is a boutique financial advisory firm. DebtX is agreed to market loans for HUD starting in October of 2008 and is currently involved in the sale of $424 million worth of loans from FDIC receivership. DebtX had no comment regarding the loans when contacted.

Mission Capital Advisors in Austin is handling a similar issue, trying to dispose of a $140-million defaulted loan secured by 15 multifamily assets. Unlike the HUD loans, this one must be sold as a single unit.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.