debtxBoston-based DebtX said it will sell $1.1 billion in commercial real estate (CRE) and residential loans in 10 separate transactions through early December.

The sales include $784 million in CRE loans and $363 million in residential loans, with collateral located across the nation. DebtX is executing the transactions on behalf of commercial banks, insurance companies and mortgage servicers, according to a statement.

"The volume of loan sales at DebtX reflects the heightened importance among financial institutions of entering 2011 with a stronger balance sheet," said DebtX CEO Kingsley Greenland. "Financial institutions are selling to take advantage of rising loan prices and growing demand from investors around the world. Given the range of product being offered through early December, DebtX expects active bidding for both performing and non-performing loans."

 

DebtX To Sell $1.1B In Loans

by Banker & Tradesman time to read: 1 min
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