BOSTON, Oct. 31 /PRNewswire/ -- DebtX, the largest marketplace for commercial loans, today announced it will sell more than $1 billion in loans from two Federal Deposit Insurance Corporation (FDIC) receiverships, a national loan servicer, and two regional U.S. banks.

With the more than $1 billion in sales announced today, DebtX is scheduled to sell well in excess of $1.5 billion in loans over the next eight weeks at www.debtx.com.

"DebtX has experienced strong demand for all kinds of loans at its marketplace, and we expect significant investor interest for the transactions announced today," said DebtX CEO Kingsley Greenland. "Because of the liquidity at DebtX, a growing number of public and private sector entities are turning to DebtX to sell loans at attractive prices."

The five sales include the following:

-- On Nov. 19, DebtX will sell the first tranche of $518 million in non- performing Commercial Real Estate (CRE) loans in Michigan. Additional tranches of CRE loans will be offered between Nov. 19 and mid-December. Due diligence materials are now available.

-- On Dec. 2, DebtX will sell $245 million in acquisition, development and construction loans for a commercial bank in the Southwest. The loans were originated for residential sub-divisions throughout Southern California, with a concentration in Los Angeles, Riverside and San Bernardino counties. Due diligence materials will be available Nov. 4.

-- On Dec. 9, DebtX will sell $103 million in primarily CRE loans from Integrity Bank of Alpharetta, Georgia, which was closed in August with FDIC named receiver. Due diligence materials will be available Nov. 4. Also on Dec. 9, DebtX will sell $96 million of CRE loans originated by IndyMac Bank of Pasadena, California.

-- On Dec. 18, DebtX will sell $74 million of non-performing CRE loans that have been securitized for a national loan servicer. The eleven loans are secured by properties in the eastern U.S. Due diligence materials will be available in late November.

The two FDIC sales announced today are part of DebtX's expanding relationships with government-sponsored entities. DebtX is currently selling $424 million in loans for the FDIC under a five-year agreement signed with the agency last year. On Oct. 22, DebtX announced a multi-year agreement with the U.S. Department of Housing and Urban Development (HUD) to sell CRE loans through KDX Ventures, a joint venture between DebtX and boutique investment bank KEMA Advisors.

About DebtX

DebtX is one of the world's leading full-service loan sale advisors for commercial, consumer and specialty finance debt. DebtX operates the world's largest and most liquid online marketplaces for loans, with more than 4,000 registered and approved investors and approximately 300 institutions, including commercial banks, insurance companies, investment banks and government-sponsored entities. DebtX also offers DXMark(R), the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpen(R) is a family of deal management products used by syndication and agency services professionals. DebtX is based in Boston, with U.S. offices in Atlanta, Chicago, New York, and San Francisco, and European offices in London and Frankfurt. For information, call 617.531.3400 or visit www.debtx.com.

SOURCE DebtX