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NEW YORK -- Carlton Advisory Services here has been retained by Wall Street firms and commercial banks to assist with the marketing and sale of more than $1 billion in troubled real estate loans, the company said last week.
The loans are primarily from failed condominium and development projects in the Southeast, subperforming residential mortgages and small-balance commercial mortgages across the country, Carlton Advisory Services said in a news release.
Pending loan sales include a $480 million commercial floating rate pool on behalf of a private finance company, a $120 million subprime residential loan asset on behalf of a Wall Street investment bank, a $112 million nonperforming development loan portfolio on behalf of a top 25 bank, a $106 million nonperforming development portfolio on behalf of a top 35 bank, a $76 million portfolio of option-ARM loan assets on behalf of a Wall Street investment ...
Source: HighBeam Research, Carlton Advisory Services Markets $1B of Problem Debt.(Brief article)