Carlton Advisory Services

Carlton Group to Auction $47m of Distressed Loans HW+

Distressed assets are moving as the extent of the real estate crisis unwinds and investors see opportunity in reduced prices — and the trend is not isolated to residential properties. The Los Angeles office of the Carlton Group will auction a portfolio of sub- and nonperforming commercial real estate, condominium and land development loans totaling $47m on behalf on an undisclosed financial institution based on the west coast.