Mission Capital Advisors Offering a $48 Million Commercial Mortgage Loan Portfolio Secured by Assets in Colorado and Michigan
NEW YORK, N.Y. (Oct. 29, 2009) - Mission Capital Advisors LLC, an industry- leading commercial, residential and consumer loan sale advisor with offices in New York, Florida, Texas and California, is currently marketing a portfolio of commercial mortgage loans with an outstanding balance of approximately $48,000,000.
The sale offers prospective bidders the opportunity to acquire non-performing assets secured by multifamily and office located in West Bloomfield, Michigan and Denver, Colorado, respectively.
The multifamily asset sale represents a follow on of sorts from a Q4 2009 closing on behalf of the same CMBS Special Servicer. In the aforementioned transaction, Mission Capital sold a large portfolio of mixed commercial mortgage loans of which four were secured by Class A multifamily located in the Bloomfield, West Bloomfield, and Novi markets.
Relative to the office asset in Denver, Colorado, a communications company previously occupied the subject. It features large contiguous blocks of space in addition to state-of-the-art communications and power redundancy.
"For investors seeking entry into the Colorado or Michigan markets or already operating within, this sale offers compelling investment opportunities," noted Will Sledge, managing director at Mission Capital Advisors.
Mission Capital is soliciting final bids (on Dec. 1) from prospective bidders for the purchase of individual loans or the entire portfolio.
Mission Capital, in conjunction with the seller, has prepared a comprehensive array of due diligence materials that is available to prospective bidders who execute confidentiality agreements. A detailed offering memorandum and confidentiality agreement can be found at www.missioncap.com/deals or by calling 212-925-6692.
Source: Mission Capital Advisors, LLC www.missioncap.com