KDX Ventures To Sell $234 Million HUD Portfolio

BOSTON, Aug. 11 /PRNewswire/ -- KDX Ventures, a joint venture between DebtX and KEMA Advisors, will sell $234 million in multifamily and healthcare loans for the U.S. Department of Housing and Urban Development (HUD).

The portfolio consists of 18 multifamily commercial real estate loans and three healthcare loans, ranging in size from $1 million to $44.3 million.  The collateral is located in Arizona, Connecticut, Washington D.C., Florida, Kentucky, Michigan, Minnesota, North Carolina, Ohio and Rhode Island.

Investors may bid on individual loans or on pre-determined loan pools. Bids will be accepted at www.debtx.com until 1:00 p.m. Eastern time on Thursday, September 9, 2010. Due diligence materials and a list of loans for sale are now available at DebtX's website.

"This is another HUD portfolio that will appeal to both national and regional buyers," said DebtX CEO Kingsley Greenland.  "Because of HUD's outstanding reputation, we again expect very active bidding."

In April, KDX Ventures successfully auctioned $306 million in non-performing multifamily and healthcare loans for HUD. The 12 winning bids generated proceeds of more than 48% of unpaid principal. Sixty-seven bidders submitted more than 200 individual and pool bids for the 26 loans offered.

KDX Ventures is a joint venture between DebtX, the largest marketplace for loans, and KEMA Advisors, a boutique investment banking firm.

Qualified investors interested in the portfolio may contact Will Mercer at 617.531.3429.

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.

About KEMA

KEMA is a boutique financial advisory firm that assists clients in the management and disposition of real estate loans, commercial loans and other corporate assets. KEMA is a minority-owned business, a U.S. Small Business Administration 8(a) certified firm, and a Historically Underutilized Business as certified by the North Carolina Department of Administration.  KEMA is headquartered in Hillsborough, NC and maintains satellite offices in Washington, D.C. and New York. For more information, contact 202-775-0518 or visit www.kemaadvisors.com.

SOURCE DebtX

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