DebtX is currently selling $416 million in performing and nonperforming loans for 14 financial institutions and the Department of Housing and Urban Development.
The Boston-based loan sale advisor for commercial, consumer and specialty finance debt said bids for several loan portfolios across the country will be available for purchase through December.
Notable pools that are on the market include an $86.6 million offering from HUD that consists of nonperforming loans for multifamily and healthcare facilities in 11 states, as well as an $83.3 million portfolio from a top-tier bank made up of performing loans collateralized by commercial real estate and multifamily properties.
Additional loans that will be sold on behalf of banks include a $63.3 million offering that features nonperforming loans collateralized by commercial real estate throughout the nation, a $33.5 million nonperforming loan collateralized by CRE in Massachusetts and a $39.4 million portfolio consisting of performing and non-performing loans collateralized by multifamily, retail, office, mixed-use and residential properties in California, Colorado, Iowa and Oregon.
“DebtX's upcoming sales reflect robust demand for performing and non-performing loans from investors around the world,” said Kingsley Greenland, CEO of Boston-based DebtX. “For financial institutions, it is an opportune time to sell.”
