DebtX To Sell $788 Million In Loans from Silverton Bank Oct. 20

BOSTON – DebtX, the largest marketplace for loans, today announced that it will sell $788 million in loan participations in FDIC receivership from the failed Silverton Bank of Georgia.

DebtX is selling Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loan participations. The loans are performing and non-performing, with collateral and assets in 27 states, including concentrations in Georgia, Alabama, Florida, Ohio and Washington. The largest loan in the portfolio is a $20.7 million participation for residential lots in Las Vegas. More than 140 of the participations are less than $1 million.

Each of the 344 loan participations in the portfolio will be offered on an individual basis. Bids are due by 1 p.m. Eastern on Tuesday, Oct. 20, 2009 and due diligence materials are now available at www.debtx.com.

In addition to the Silverton transaction, DebtX currently has more than $655 million in market.

“The Silverton sale is generating strong investor interest, particularly among community banks, which have traditionally been the most active buyers of loan participations,” said DebtX CEO Kingsley Greenland. “The Silverton transaction offers a broad range of high-quality product for investors with different investment and risk objectives.”

Institutions interested in the portfolio can contact David LeBlanc at 617.531.3422.

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 marketplace for loans, with more than 6,000 registered and approved investors and more than 300 selling institutions, including commercial banks, insurance companies, investment banks and government-sponsored enterprises. DebtX also offers DXMark®, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpen® 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, New York, and San Francisco, and European offices in London, Madrid, and Frankfurt. For information, call 617-531-3400 or visit www.debtx.com.