DebtX is auctioning off two separate commercial nonperforming loan portfolios totaling $411 million, the largest of which consists of 25 multifamily loans controlled by the Department of Housing and Urban Development. The HUD portfolio - $306 million in size - also includes a mortgage backed by a healthcare facility. DebtX, a government approved auction company, has set March 24 as the bid date. The company said it also is taking bids on a $105.5 million portfolio of nonperforming residential and commercial loans on a behalf of a "commercial bank in the western U.S." DebtX would not identify the seller. The bid date on the second offering is March 22.
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