Carlton to Sell $88 Million of Performing and Nonperforming Commercial Loan Assets in Florida

Carlton Advisory Services’ Chairman Howard L. Michaels announced that Carlton has been retained as the exclusive loan sale advisor to market and sell approximately $88 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client. The Offering Solicitation is available now and indicative bids are due September 17, 2008.

There are twenty performing and non-performing commercial loan assets. The portfolio is characterized primarily by loans secured by single family home subdivisions as well as residential and office condominium properties in various stages of completion. There are also prime residential land assets. All of the collateral properties are located in Florida, with some of the larger assets located in the Miami, Orlando, Jacksonville and Tampa MSAs.

“We’re delighted to bring this portfolio to the attention of prospective purchasers. The properties are available in prime locations and represent exceptional value for firms looking for opportunities which will position them well in both the short term and in the not too distant future,” said Thomas K. McCarthy, Managing Director of Carlton Advisory Services.

The larger assets include condo loans (two with marinas), a town home project and a large equestrian-oriented land development.

The Loan Assets are being offered on a sealed-bid basis and Carlton will entertain bids on individual assets or groups of assets. Interested parties should contact John MacConnell, Vice President, at 561-207-6250.

Carlton Advisory Services, Inc. is an international real estate investment banking firm prominent in debt and equity placement, investment sales, and commercial and residential loan sales. Its clients include some of the most active developers and institutions in the United States, internationally, and in the New York metropolitan area. Founded in 1991, Carlton has consummated in excess of $40 billion of transactions since 1998.