IRVINE, has been retained as the exclusive loan-sale advisor for the sale of 447 performing multifamily loans with an unpaid principal balance of $601.3 million. tells that a single source has retained the marketplace for the portfolio sale, but was unable to disclose any further details about that source.

The loans are secured by 465 multifamily properties with a combined total of 18,456 units in 23 states. The portfolio balance is 7.5% fixed- and 92.5% floating-rate loans that have an average current balance of $1.3 million, a weighted average seasoning of 8.4 years, a weighted average remaining term of 6.2 years and a weighted average coupon of 4.8%. A total of 60% of the properties are in California, and 11% are in Texas.

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