$100 Million of Mixed Purpose Loans Closed by Carlton Advisory

National real estate investment banking advisor Carlton announced today the finalization of a sale of residential and commercial loans the firm arranged for an unnamed bank seller. The loans, classed as both sub-prime and non-performing, went for $100m in what is turning out to be a busy time for Carlton. In the last 18 months, Carlton marketed and sold more than $1.5bn worth of loans. According to data released by the company, the commercial loans sold included assets secured by partially built office/retail, industrial, restaurant, parking lot and commercial land development properties in several states, including some on the west coast. Many of the assets traded at prices above 70% of unpaid principal balance. The nonperforming residential 1-4 family portfolio was comprised of west coast assets and the entire portfolio traded at just above 50% of unpaid principal balance.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please