DebtX to Sell $160 Million of CRE Loans for German Bank

Loan sale advisor DebtX is selling $160 million of performing and non-performing commercial real estate loans for German depository Deutsche Postbank.

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The separate loan transactions are collateralized by properties in the United Kingdom, Germany, and the Netherlands.

The package includes U.K. hotel collateral, German retail centers, and industrial properties in the Netherlands.  

Boston-based DebtX will begin accepting bids for the notes next week.  

Gifford West, managing director and head of DebtX’s European operations, said the firm has had success selling multiple international loans for Deutsche Postbank and other foreign institutions over the past few years.

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Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_437/debtx-sell-cre-loans-1026664-1.html?CMP=OTC-RSS

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