The Carlton Group, a global real estatebank and loan sale adviser, has launched CEX Mobile, a Web-related program that allows property bidders to access due diligence reports and make Internet bids using handheld devices, such as an iPhone or BlackBerry.
“CEX Mobile has been infor the past year,” said Carlton Chairman Howard Michaels in a statement. “Carlton is selling approximately $2 billion in loans and REO assets, and our experience is that more and more bidders require 24/7 access from their handheld devices.”
Bidders can register through Carlton’s mobile website, and browse a database of available assets. Clients can then create a profile and receive information on their preferred type of assets as they become available. Investors also can view the assets and learn more about them before proceeding to the bidding stage.
Information related to the loan or REO portfolio, such as electronic loan documents, collateral information and servicing files, is available for download through CEX.
Carlton has created a CEX loan and REO multiple listing services (MLS), a commercial and residential whole loan and
The Carlton Exchange has scheduled open houses April 19-23 for several assets in the $350 million sale of 60 total assets. Most of the properties are located in Florida, with others in
A sample of the properties for sale: The Ramada Kissimmee is a 500-room hotel in Kissimmee, Fla., a 160-unit apartment complex in Orlando, and a retail strip center in Las Vegas.
The assets are being offered on a competitive sealed-bid basis in a two-step process. Final bids are due May 14th. More information is available at the Carlton Exchange at www.carltonexchange.com.
In addition, Carlton has been retained to auction more than $400 million of REO assets and loans on multifamily, retail and hospitality property in Florida, as well as land, says Michaels.
The properties include 12 rental apartments in Coral Gables, Fla., 366 condos at Villa Bellini, located within the Country Club of Miami, shopping centers, among others. The 180-room Quality Inn Sawgrass Conference Center in Plantation, Fla. is also among the properties to be auctioned through the exchange. More information is available on the company’s website.