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DebtX to Sell $269 Million in Loans from Failed Banks

DebtX, Boston, will sell more than $269 million in commercial real estate, commercial and industrial and consumer loans from two Federal Deposit Insurance Corp. receiverships on May 12.

The first sale consists of $190 million in loans from the Bank of Clark County, Vancouver, Wash., and consists of performing and non-performing loans secured by office, industrial, retail, healthcare, autos, and business assets.

The second sale is of $79 million in loans from FirstBank Financial Services, McDonough, Ga., including performing and non-performing loans secured by retail, office, industrial, auto/consumer, and business assets.

Due diligence materials for both transactions are now available at http://www.debtx.com.

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