Mission Capital Advisors is marketing a portfolio of commercial mortgage loans with an outstanding balance of around $48 million.
The sale offers prospective bidders the opportunity to acquire non-performing assets secured by multifamily and office located in West Bloomfield, Michigan and Denver, Colorado, respectively.
The multifamily asset sale represents a follow on of sorts from a 4Q09 closing on behalf of the same CMBS special servicer, where Mission Capital sold a large portfolio of mixed commercial mortgage loans of which four were secured by Class A multifamily located in the Bloomfield, West Bloomfield, and Novi markets.
Relative to the office asset in Denver, Colorado, a communications company previously occupied the subject. It features large contiguous blocks of space in addition to state-of-the-art communications and power redundancy.
"For investors seeking entry into the Colorado or Michigan markets or already operating within, this sale offers compelling investment opportunities," noted Will Sledge, managing director at Mission Capital Advisors.
Mission Capital is soliciting final bids on Dec. 1 from prospective bidders for the purchase of individual loans or the entire portfolio.
