Carlton Launches CEX Mobile for Online Bidding

Article Tools

Latest News

More Latest News

The Carlton Group, a global real estate investment bank 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 in development for 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 distressed debt MLS system that allows investors to bid on assets and view due diligence and asset information through a password-protected website.

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 California, Virginia and five other states. The properties include apartments, hotels, office and retail space, and land.

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.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

New York's Star Deals

http://nreionline.com/images/nyc_big_deals_homepage_thumb.jpgThe city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-

Videos

JLL at ICSC 2012

http://nreionline.com/video/bjorson_thumbnail.jpgCheck out these videos from JLL at ICSC 2012 in Las Vegas...

 

Click here to view more videos.


Blogs


http://nreionline.com/blog/schein_blog_headshot.jpg

Real Vox

Traffic Court

The Full Nelson

Events

Strategic Real Estate Investment Conference

Date: Thursday, June 7, 2012
Time: 7:45AM-6:00PM
Place: 1290 Avenue of the America, 5th Floor
What: A full-day event exploring portfolio diversification through opportunistic and alternative investments....

Click here to view more events...

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

http://nreionline.com/april2012_cover.jpg

NREI Newsletters



Retail Traffic Newsletters

View NREI Newsletters

NREI Newsline
NREI Seniors Housing Finance and Development
NREI The Green Sheet
NREI Institutional Outlook
NREI Distressed Real Estate Strategies
NREI Daily/Central
NREI Daily/New York
NREI Daily/New Jersey
NREI Weekender
NREI Global Real Estate Monitor
REIT Insider
Retail Traffic Online
The Site Optimizer

Join the Conversation