DebtX To Sell $132 Million Portfolio In Peru
Transaction Is One of DebtX's Largest Sales To Date In Latin America
BOSTON, Sept. 9, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, will sell a $132 million portfolio of primarily residential loans and REO from a financial institution in Lima, Peru.
Indicative bids will be accepted on Oct. 15 at 2:00 p.m. Eastern Time. The portfolio consists of the following pools:
- $68.4 million in performing loans primarily secured by residential properties
- $27.3 million in non-performing loans primarily secured by residential properties
- 127 REO assets with an aggregate value of $36.8 million
"This loan portfolio is a terrific opportunity for high-yield and turnaround investors seeking product from a country with a stable democracy, a healthy economy and established rule-of-law," said DebtX CEO Kingsley Greenland. "DebtX anticipates offering additional portfolios from Peru through 2015."
Investors can register to access due diligence materials and bid at www.debtx.com.
For more information, contact Colin Leland at +1.617.531.3418 or [email protected], Tiago Prado at +1.617.531.3481 or [email protected], Ana Escobar at +1.617.531.3458 or [email protected].
About DebtX
DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory and valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe. Call +1.617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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SOURCE The Debt Exchange, Inc.
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