Mission Capital Offers $48M in Commercial Mortgages in CO, MI

Mission Capital Advisors LLC is currently marketing a portfolio of commercial mortgage loans with an outstanding balance of approximately $48 million. The company is soliciting final bids through Dec. 1 for the purchase of individual loans or the entire portfolio, which includes nonperforming assets secured by multifamily and office properties located in West Bloomfield, Mich. and Denver. The multifamily asset sale represents a follow on of sorts from a fourth quarter 2009 closing on behalf of the same CMBS special servicer. In the transaction, Mission Capital sold a large portfolio of mixed commercial mortgage loans of which four were secured by Class A multifamily located in the Bloomfield, West Bloomfield, and Novi, Mich. markets. Relative to the office asset in Denver, a communications company previously occupied the subject. It features large contiguous blocks of space in addition to state-of-the-art communications and power redundancy. For more information, go to missioncap.com/deals.