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NEW YORK CITY-Carlton Advisory Services’ Carlton Exchange has been retained to market $140 million of performing and nonperforming loans and REO assets secured by cash-flowing commercial properties located mainly in the Southwest, GlobeSt.com has exclusively learned. The announcement was made by Carlton chairman Howard Michaels.

Joe Korbar, co-head of Carlton’s loan sale group, cites the opportunity for buyers to acquire “fully built, large, cash flowing, hospitality and retail assets in strong markets,” with office, retail, hospitality, commercial, land and residential all represented in the package. Project manager Robert Hall adds that the land assets are “situated in excellent locations for commercial and residential developers.” Additionally, the auction also offers 41 upscale, high-end, single family loans and REO assets which can be either bought individually or in “mini bulk” packages, according to Carlton.

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