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KDX Brings $234M HUD Portfolio to Market

BOSTON-The JV between DebtX and KEMA Advisors is auctioning the multifamily and healthcare loans for the US Department of Housing and Urban Development.

By Ryan Clark | Updated on August 11, 2010

BOSTON-KDX Ventures, a joint venture between DebtX and KEMA Advisors is selling a $234-million portfolio of multifamily and healthcare loans for the US Department of Housing and Urban Development. Consisting of 18 multifamily commercial real estate loans and three healthcare loans, they range from $1 million to $44.3 million.

The collateral for the portfolio is located in Arizona; Connecticut; Washington, DC; Florida; Kentucky; Michigan; Minnesota; North Carolina; Ohio and Rhode Island. Bids can be made on individual loans or regional loan pools, with no mixing and matching. The auction will take place at 1:00pm Eastern Standard Time on Thursday, September 9th.

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