BOSTON-KDX Ventures, a joint venture of DebtX and KEMA Advisors, recently completed an auction of a 26-asset portfolio of non-performing HUD loans. The assets consist of multifamily and healthcare loans, specifically for the US of Housing and Urban Development.

DebtX CEO Kingsley Greenland states in a release, "The strong proceeds from this HUD sale demonstrate the pent-up demand and liquidity for commercial real estate assets." There were 76 bidders in total submitting over 200 individual and pool bids. The winners were 12 bids which created proceeds over 48% of unpaid principal balance. He continues, "Over the past two years, investors have amassed a tremendous amount of capital to invest in commercial real estate loans, but there has been only a small amount of product available for sale."

Recently, however, investors' wishes are coming true. Voit is marketing a 12-asset portfolio in northern California, reportedly for Wells Fargo, as well as a $300-million CMBS portfolio that Mission Capital is bringing to market on behalf of CW Capital. The 12 winning bids were not disclosed by KDX, which did not respond to GlobeSt.com inquiries by deadline.