DebtX to Sell $200 Million in Performing Loans

BOSTON, July 20 /PRNewswire/ -- DebtX, the largest marketplace for loans, today announced it will sell approximately $200 million of performing Commercial Real Estate (CRE) loans on behalf of a major U.S. financial institution.

The sale includes 90 performing loans collateralized primarily by properties in California, New York, Washington, Washington D.C. and Illinois.  The loans were underwritten for multi-family, retail, industrial, office, warehouse, and mixed-use properties, as well as mobile home parks and self-storage facilities.  Bids are due Aug. 18 by 2:00 p.m. Eastern.

"The loans offered in this sale will provide an opportunity to purchase product of very high quality," said DebtX CEO Kingsley Greenland.  "We're expecting strong interest from national banks, community banks and institutional investors.  For sellers, the sale of performing loans demonstrates how financial institutions can work with DebtX to rebalance their portfolios through active portfolio management."

Qualified investors interested in this sale can get more information by calling DebtX's Will Mercer, 617.531.3429, or Kevin Twomey, 617.531.3425.  Go to www.debtx.com to place bids and access due diligence materials.

About DebtX

DebtX is one of the world's leading full-service loan sale advisors for commercial, consumer and specialty finance debt. DebtX operates the world's largest and most liquid online marketplace for loans, with more than 6,000 registered and approved investors and more than 300 selling institutions, including commercial banks, insurance companies, investment banks and government-sponsored enterprises. DebtX also offers DXMark®, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpen® is a family of deal management products used by syndication and agency services professionals. DebtX is based in Boston, with U.S. offices in Atlanta, New York, and San Francisco, and European offices in London, Madrid and Frankfurt. For information, call 617.531.3400 or visit www.debtx.com.

SOURCE DebtX

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