NEWS HEADLINES

DebtX Selling $52M Bank Debt Portfolio

By Dana Enfinger

Boston-based DebtX reports that it has been selected by an unnamed U.S. commercial bank to dispose of more than $52 million in commercial and multifamily real estate loans through its online auction site.

DebtX operates an online commercial loan marketplace. The company plans to accept bids June 19 for the loans secured by properties in the New York region.

Qualified, registered investors can review and bid on the loans at www.debtx.com.

The Debt Exchange launched DebtX in January 2000. DebtX now operates offices in Atlanta, Chicago, New York City, San Francisco, and Frankfurt, Germany.