The Carlton Group has been retained on behalf of various CMBS trusts to sell roughly 66 nonperforming loan and REO assets worth $307 million and located throughout the U.S.
The assets are being offered on a competitive, sealed bid basis with bids due Feb. 25. Prospective bidders may bid on an individual asset, any number of assets or the entire portfolio.
The multifamily assets range in size from 50- to 500-unit multifamily apartment complexes in aside from occupied and cash-flowing retail centers. The loan sale offers prospective bidders an attractive opportunity to buy these loan assets with strong collateral in well located markets.
The Carlton Group is one of the largest loan sale and REO advisors in the country, having marketed and sold over $12 billion in loan and REO assets.
“The $307 million loan and REO sale is drawing numerous investors who are attracted to these types of assets, many of which are high-quality, already built, cash-flowing, occupied multifamily and retail properties,” said Thomas McCarthy, managing director of the Carlton Group.