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Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak.
Auction.com plans to put out for bid at least two commercial real estate (CRE) loan packages per month for the next three months totaling more than $1.86 billion. Loan packages up for bid in May include $65 million in general CRE loans the week of May 9 and $625 million in general Nevada CRE loans the […]
By now you’ve seen the stories and heard the industry chatter about how the nonperforming loan market is humming along like a well-oiled Toyota, which might be an apt metaphor since the Japanese carmaker has a good reputation but its models keep breaking down. As one NPL investor told me: “Some people get in, some […]
Mission Capital Advisors said it is currently accepting bids for a commercial real estate mortgage loan and real estate owned (REO) portfolio with a $441 million outstanding balance. According to a release from the firm, the sale offers prospective bidders a chance to have sub- and nonperforming assets secured by different collateral types, such as retail, office, developed condominiums […]
Mission Capital Advisors is now accepting bids for a commercial real estate mortgage loan and REO portfolio with an outstanding balance of $221,355,915 million. The sale offers potential bidders a chance to buy assets in bankruptcy and sub- and non-performing assets secured by different collateral types, including hospitality, industrial warehouse, retail, office, multifamily, residential condominiums, retail […]