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For Sale: DebtX Offers $43.4M Loan Portfolio

Oct 9, 2009 | Reprints | Unlock Link | Print

DebtX said today it is offering a $43.4 million bank portfolio of performing and non-performing commercial and residential loans.

The loans are secured by liens on land, residential condominiums and commercial real estate located in major metropolitan markets of New York, California and Washington, according to the company.

Among the loans in the 14 offerings:

– A $1.9 million note secured by a fist lien on land zoned for residential condominium construction on the lower east side of Manhattan.

– A $4.4 million note secured by a first lien on a 135-unit student housing dormitory in the greater Los Angeles area.

– $7.2 million note secured by land zoned for hotel development in New York

Final bids are due before 2 p.m. on Nov. 5.