DebtX to Sell $292 Million in Residential Real Estate Loans

DebtX, the largest online marketplace for debt, today announced the sale of more than $292 million in non-performing residential real estate loans.

The portfolio will be offered in 19 separate pools and will bid on September 18, 2008. The loans were originally made by a commercial bank as portfolio loans, primarily in 2006. The portfolio contains the following concentrations: $100 million in Florida, $40 million in California, $26 million in Massachusetts, $16 million in Arizona and $16 million in Nevada. The loans are 95% adjustable rate, and 95% of the properties are owner-occupied.

Qualified investors can register to view and bid on the portfolio at www.debtx.com or call 617.531.3400 for more information.

“DebtX is expecting strong interest from local investors because of the manageable size and geographic concentration of the portfolio,” said DebtX CEO Kingsley Greenland. “By selling distressed debt at DebtX’s liquid, online marketplace, a growing number of financial institutions are strengthening their balance sheets and improving overall performance.”

With more than 4,000 registered and approved investors and approximately 300 financial institutions selling through its exchange, DebtX operates one of the world’s largest and most liquid online marketplaces for loans. DebtX works with financial institutions to sell Commercial & Industrial (C&I), Commercial Real Estate (CRE), residential 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 sponsored enterprises 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 and technology services. DXMarkSM is the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpenTM, DebtX’s deal management technology, is used by institutions to sell and syndicate loans directly. For information, contact, 617.531.3400 or visit www.debtx.com.