Carlton Exchange (CEX) Retained to Conduct $140 Million Loan Auction
September 20, 2010
Carlton Chairman Howard L. Michaels has announced that the Carlton Exchange has been retained to auction approximately $140 Million of performing & non-performing loans and REO assets secured by office, retail, hospitality, commercial, land and residential properties located primarily in northern Texas. The assets include cash flowing office buildings and stand alone retail buildings located in infill locations with a close proximity to major thoroughfares and regional transportation corridors.This event is an excellent opportunity for investors to acquire loan and REO assets secured by cash generating retail and office assets. There are also loan and REO assets secured by well located and highly desirable land assets which are situated in excellent locations for commercial and residential developers.
The assets are being offered on a competitive real time-bid basis. Prospective bidders may bid on individual assets, bidder defined pools of assets (i.e. individual assets selected and aggregated by the prospective bidder), or on the entire portfolio.
The assets are being offered on a competitive real time-bid basis. Prospective bidders may bid on individual assets, bidder defined pools of assets (i.e. individual assets selected and aggregated by the prospective bidder), or on the entire portfolio.
Below is a description of some of the exceptional attributes of these loan and REO assets, which are being offered through the Carlton Exchange (www.carltonexchange.com).
-
Allen, TX: The collateral consists of a 2-story, 50,000 square foot office building with a rectangular footprint, with open surface parking and a covered carport that collectively provide 256 parking spaces. The subject property is located on a nearly 4-acre parcel which has frontage on the area’s major north-south thoroughfare.
-
Pompano Beach, FL: The collateral is comprised of 88 one- and two-bedroom apartment units within a larger multi-story multi family complex located about 15 miles north of Fort Lauderdale CBD. Property amenities include a pool, playground, and tennis court.
-
Flower Mound, TX: The REO property consists of a 14,900 square foot neighborhood retail center. The two building asset was constructed in 2008 and has 6.5 parking spaces per thousand square feet of leasable area.
- Keller, TX: The subject property is a newly built 5,700 square foot single family residence. The custom five-bedroom home is located on a one-acre lot within a luxury home development.
To access due diligence materials on these assets, please visit The Carlton Exchange and click on “$120 Million & $20 Million – Performing & Non-Performing Loan & REO Auction of Office, Retail, Hotel and Land Assets.”
Register to subscribe to this blog and receive notifications of new posts by email.
Previous
Next
