MCA Takes Bids on Distressed CRE Loans, Portfolio

Mission Capital Advisors, New York, is accepting bids on behalf of an unnamed seller for all or part of a more than $260 million distressed commercial mortgage portfolio. The properties collateralizing the nonperforming and subperforming loans are in Florida, Georgia, Nevada, Arizona and California. Among the collateral property types are multifamily, condo-conversion, retail, office, single-family residential, residential development land, marinas, a restaurant and an auto dealership. Mission Capital can be found online at http://www.missioncap.com.

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