DebtX To Sell $788 Million In Loans from Silverton Bank Oct. 20

BOSTON – DebtX, the largest marketplace for loans, today announced that it will sell $788 million in loan participations in FDIC receivership from the failed Silverton Bank of Georgia.

DebtX is selling Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loan participations. The loans are performing and non-performing, with collateral and assets in 27 states, including concentrations in Georgia, Alabama, Florida, Ohio and Washington. The largest loan in the portfolio is a $20.7 million participation for residential lots in Las Vegas. More than 140 of the participations are less than $1 million.