DebtX To Sell CRE Loans On FDIC’s Behalf

Posted by Orb Staff on July 23, 2009 No Comments
Categories : Commercial Mortgage

alf of the Federal Deposit Insurance Corp. (FDIC), DebtX is selling more than $1 billion in performing and nonperforming bank loan participations. The sale will include 421 loans from 15 FDIC receiverships located across the country. The collateral for the loans includes commercial real estate as well as business assets, DebtX says. The loans will be offered to banks, which may bid on one or more individual loans. Due diligence materials will be available Aug. 3, and bids will be taken on Sept. 1. SOURCE

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