KDX Ventures to Sell $306 Million HUD Portfolio Loans
KDX Ventures announced that it will be selling $306 million in multifamily and healthcare loans for HUD. The portfolio consists of 25 multifamily commercial real estate loans and one healthcare loan, ranging in size from $1.6 million to $44.3 million. The collateral is located in 14 states across the country. Investors may bid on any individual loan or on pre-determined pools of loans.
Bids will be accepted at www.debtx.com, from 11 a.m. to 1 p.m. Eastern Daylight time on March 24. Due diligence materials are now available.
“KDX anticipates robust interest in this HUD portfolio due to pent-up demand for commercial assets in general and multifamily products in particular,” said DebtX CEO Kingsley Greenland. KDX is a joint venture between DebtX and KEMA Advisors.