PR - DebtX To Sell $380 Million In Commercial Real Estate Loans

DebtX, the nation’s largest loan sale advisor for commercial debt, today announced the sale of more than $380 million in Commercial Real Estate loans secured by properties in the southeastern United States.

The transaction includes more than 200 lending relationships. The loans range in size up to $20 million and are secured primarily by land and commercial and residential development projects throughout the Southeast, including Atlanta, Orlando, and South Florida. Investors will be given the opportunity to bid on pools and individual loans. Performing, sub-performing and non-performing loans are being sold.

The first of four loan portfolios will bid April 15, 2008. DebtX is conducting an extensive marketing campaign to reach U.S. and global investors in support of the transaction. Qualified investors can register to view and bid on the assets at http://www.debtx.com or call 617-531-3400 for more information.

"With credit quality weakening, institutions are choosing to sell loans into the increasingly liquid secondary whole loan market, rather than incur the expense of protracted loan workouts," said DebtX CEO Kingsley Greenland. "A loan sale expedites problem resolution, while enabling institutions to lower risk, improve diversification and strengthen profitability. Based on the competitive bidding during recent transactions at DebtX, these loans are likely to yield attractive prices. The market for performing, sub-performing and non-performing loans remains strong."

With more than 3,500 registered and approved investors and approximately 200 financial institutions selling through its exchange, DebtX operates one of the world’s largest and most liquid online marketplaces for loans. DebtX works with financial institutions to sell Commercial & Industrial (C&I), Commercial Real Estate (CRE), residential and selected consumer debt. DebtX is based in Boston, with offices in Atlanta, Chicago, New York, San Francisco and Frankfurt, Germany.