TITLE

DEBTX SELLS $97 MILLION LOAN PORTFOLIO

PUB. DATE
January 2005
SOURCE
Mortgage Banking;Jan2005, Vol. 65 Issue 4, p129
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Boston based DEBTX sold $97 million in loans collateralized by multifamily properties in the company's largest individual loan sale of 2004. The loans, sold on behalf of a large Midwestern bank, include 123 seasoned-performing loans on multifamily properties in 13 states. The loans were offered in regional pools or subpools and were bid on December 14, 2004. The company currently has more than $280 million in loans for sale. The average loan size is $800,000 and the loans are seasoned nearly 27 months, on average.
ACCESSION #
15783628

 

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