DebtMarket of Los Angeles is coming to market with a $100 million portfolio of nonperforming multifamily loans. Stuart McFarland, a newly appointed advisor to the online auction company, said the offering will be available "shortly." A former executive for both G.E. Capital and Fannie Mae, Mr. McFarland said the company is starting to see more sellers of NPLs but noted that the market is waiting for some truly big sellers to appear: "Some day Fannie and Freddie will start selling," he said.
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