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KDX Tapped to Sell $144M of Loans

BOSTON-The Boston-based partnership of DebtX and KEMA Advisors is helping HUD divest itself of 15 multifamily and four healthcare loans.

By Ryan Clark | Updated on January 12, 2009

BOSTON-KDX Ventures, a locally based partnership, is being tapped by the US Department of Housing and Urban Development (HUD) to sell $144 million worth of loans. The partnership of DebtX and KEMA Advisors is marketing the portfolio of 15 multifamily and four healthcare loans.

“KDX Ventures is expecting strong interest in these HUD loans due to increasing demand for product from investors around the world,” says DebtX CEO Kingsley Greenland, in a statement. “Over the past three months a significant new number of investors have entered the whole loan marketplace. The increasing liquidity is likely to mean very active bidding for the HUD loans.”

The loans range from as little as $1 million to as much as $30 million. The associated property is located throughout 12 states and the loans may be bid upon individually or as pre-determined pools of loans. Bids can be made at www.debtx.com.

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