PR - DebtX to Sell $218 Million in Residential and Real Estate Loans

DebtX, the largest marketplace for commercial debt, today announced the sale of more than $218 million in residential and commercial real estate loans secured by properties across the United States.

The transaction on behalf of a specialty finance company involves the sale of $117 million in non-performing residential loans and $101 million in performing and non-performing commercial real estate loans. The loans, secured by properties from California to New England, have been pooled by geography. Investors can bid the pools individually or in combinations of their choice.

The residential portfolio bids April 15, 2008. The non-performing commercial real estate loan portfolio bids April 17, 2008 and the performing commercial real estate portfolio bids May 8, 2008. DebtX is conducting an extensive marketing campaign to U.S. and international investors. Qualified investors can register to view and bid on the loans at www.debtx.com or call 617-531-3400 for more information.

“Demand for product is strong and a growing number of institutions are choosing to tap the extensive liquidity at the DebtX marketplace,” said DebtX CEO Kingsley Greenland. “Institutions are selling to proactively manage their performing portfolios for improved diversification and risk management, and to dispose of non- or sub-performing loans quickly rather than incur significant expenses related to protracted loan workouts.”

In addition to the $218 million loan sale announced today, DebtX is currently managing a separate sale of $380 million in Commercial Real Estate loans secured by properties in the southeastern United States. The first of four offerings bids April 15 at www.debtx.com, with the remainder of the sales bidding every three weeks through mid June. In March, DebtX completed the sale of $46 million in loans on behalf of the FDIC, the first sale under a five-year contract DebtX signed with the FDIC in December 2007.

With more than 4,000 registered and approved investors and 300 financial institutions selling through its exchange, DebtX operates the largest and most liquid online marketplace for loans. DebtX works with financial institutions to sell Commercial & Industrial (C&I), Commercial Real Estate, residential loans and selected consumer debt. DebtX is based in Boston, with offices in Atlanta, Chicago, New York, San Francisco and Frankfurt, Germany.

About DebtX
DebtX is one of the world’s leading full-service loan sale advisors for commercial, consumer and specialty finance debt. DebtX helps commercial banks, insurance companies, investment banks, government agencies and other institutions increase profitability and reduce risk by offering comprehensive loan sale advisory services that create liquidity in an institution’s loan portfolio. DebtX operates the largest marketplace of buyers and sellers of commercial debt and offers a variety of innovative information services, including DXMarkSM, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpen is the direct access channel to DebtX’s online marketplace those institutions that want additional flexibility to initiate and manage loan sales. For information, contact, 617.531.3400 or visit www.debtx.com.