Advisory Firm Markets Commercial Mortgage Portfolio

Mission Capital Advisors LLC is marketing a portfolio of commercial mortgages with an outstanding balance of approximately $120 million. The portfolio consists of a mix of performing, subperforming and nonperforming loans secured primarily by multifamily, retail, office and industrial collateral located in New York and northern New Jersey. Will Sledge, managing director at Mission Capital Advisors, said, "Offerings of this type in the New York/New Jersey market have been few and far between. We believe the transaction will be well received." Mission Capital is soliciting indicative bids on Nov. 18 and final bids on Dec. 10. Mission Capital, in conjunction with the seller, has prepared a comprehensive array of due diligence materials that is available to prospective bidders who execute confidentiality agreements. A detailed offering memorandum and confidentiality agreement can be found at www.missioncap.com/deals.