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Lucent Capital Hired to Sell $9 Million Non-Performing Note Secured by LA Area Office Building
Loan sales have been an increasingly popular method for banks to shed loans from their balance sheets and an attractive alternative for investors to purchase properties outright.
“The purchaser of the note will have the ability to either restructure the loan with the existing borrower or continue with the foreclosure proceedings and acquire the asset at a significant discount to replacement cost,” says Lucent Capital Managing Director Shlomi Ronen. “It is estimated that half of the $1.4 trillion of commercial real estate loans coming due in the next several years are underwater,”
Lucent is soliciting non continent offers by September 15th.
A comprehensive array of due diligence data is available from Lucent Capital by accessing their website, www.lucentcapital.com
For information regarding Loan Sales, contact Shlomi Ronen, Managing Director, (310) 876-8455.
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Lucent Capital http://lucentcapital.com specializes in loan sales for performing and non-performing commercial and residential loan portfolios, equity and debt placement, and investment sales in the United States and Mexico. Lucent accesses traditional and non-traditional capital across the globe including foreign banks, family offices, private equity funds, pension funds, REITS, banks, and insurance companies critical to accomplishing your specific needs in today's highly complex and rapidly shifting capital markets environment.