Boston-based loan sale advisor DebtX will sell more than 138 million Euro in non-performing loans from three financial institutions in Germany and Italy.

In Germany, DebtX is executing two separate sales. On April 23, DebtX will sell €94 million in non-performing loans secured by commercial real estate located throughout Germany. On May 14, DebtX will sell €14 million in non-performing loans secured primarily by residential real estate in East Germany.

In Italy, DebtX is selling €30 million in non-performing finance loans in May. The loans are secured by business assets throughout the country. Due diligence materials for all three sales are available to registered and approved investors at www.debtx.com.

Including these European loan sales, DebtX is currently in market with more than $500 million in loans, the company said in a statement.

"DebtX’s European loan sales are attracting broad investor interest, and we expect active bidding for all three loan portfolios," said DebtX Managing Director Gifford West, head of the company’s European operations. "The European loan sale market remains very robust at DebtX due to the strong liquidity and increasing demand for non-performing loans from investors around the world."

West said DebtX expects to hold additional European loan sales in coming months as more financial institutions in the Euro-zone seek to sell loans rather than managing them through prolonged workouts. By selling loans in the secondary market, the company said institutions can return to health and profitability faster, and position themselves to pursue M&A activity in the consolidating European market.