Boston-based loan sale advisor DebtX will sell approximately $500 million of mostly commercial real estate (CRE) loans on behalf of three financial institutions.

The following transactions will be offered on multiple bid dates in June:

• $364 million of performing and non-performing loans for a Northeastern regional bank bidding on two separate dates. Bids for the first transaction are due June 15. A total of $207 million in loans will be sold, including $76 million of CRE, $57 million of land/acquisition & development (Land/A&D), $52 million of commercial & industrial (C&I), and $22 million of loan participations. Bids for the second transaction are due June 21. A total of $157 million in loans will be sold, including $69 million of CRE, $39 million of C&I, $36 million of Land/A&D, $5 million of consumer, and an $8 million loan participation.
• $97 million of non-performing CRE loans for a bank in the South bidding on two separate dates. Both transactions include income-producing properties secured by condominiums and subdivisions throughout the U.S. Bids for the first transaction, which includes $90 million in loans, are due June 3. Bids for the second transaction, which includes $7 million in loans, are due June 16.
• $39 million of non-performing CRE loans for a financial services company in the South. The transaction includes loans secured by properties in South Carolina, Florida and Georgia. Bids are due June 8.

"Sellers are moving aggressively to dispose of loans and benefit from stronger balance sheets," said DebtX CEO Kingsley Greenland. "Investors have an opportunity to buy a wide range of both performing and non-performing loans from these sales."