LoanMarket.net, an online seller of nonperforming loans, is seeing an increase in its commercial business. The Irvine-based auction company said over the past two months it has closed between $30 million and $50 million of commercial mortgage deals. Jeff Freud, a principal in the company, noted that LMN is continuing to hire and now employs 13 full-timers. The company began holding live online auctions about a year ago. He added that buyer demand has picked up this year, adding that most of the winning bids are placed by private equity firms and hedge funds.
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