BOSTON-DebtX, a locally based loan advisor, is taking roughly $500 million worth of performing and nonperforming loans to market. The loans are from three unnamed financial institutions. DebtX would not reveal whose loans they are marketing.

"Sellers are moving aggressively to dispose of loans and benefit from stronger balance sheets," Kingsley Greenland, DebtX CEO, explains in a release. "Investors have an opportunity to buy a wide range of both performing and nonperforming loans from these sales."

A northeastern regional bank will break up its loans over two days of bids. The first will come in on Tuesday, June 15 by 2:00p.m. EST for $207 million in loans consisting of:

• $76 million of commercial real estate;
• $57 million of Land/Acquisition & Development;
• $52 million of commercial & industrial; and
• $22 million of loan participations.

The second day of bids which will come in by Monday, June 21 by 2:00 p.m. EST for a total of $157, broken down into:

• $69 million of commercial real estate;
• $39 million of C&I;
• $36 million of Land/A&D;
• $8 million of loan participation; and
• $5 million of consumer.

A southern bank is also having two separate bids on condos and subdivisions. The first bids due on Thursday, June 3 by 2:00p.m. EST are for $90 million of loans, while the second bids due on Wednesday, June 16 by 2:00 p.m. are due by $7 million of loans.