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Carlton selling loan assets.


Carlton Carl·ton   , Steven Norman Known as "Steve." Born 1944.

American baseball player. As a left-handed pitcher with the Philadelphia Phillies (1972-1985), he became the first pitcher to win four Cy Young Awards (1972, 1977, 1980, and 1982).
 chairman Howard Howard, English noble family. Landowners in Norfolk from the 13th cent., the Howards obtained the duchy of Norfolk through the marriage of Sir Robert Howard to Margaret Mowbray, daughter of Thomas Mowbray, 1st duke of Norfolk.  L. Michaels announced that Carlton has been retained to advise an institutional seller on the sale of approximately $276 million of sub-performing and non-performing residential development and hospitality loan assets. The assets are located in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Florida and Nevada.

The collateral assets securing certain loans which will be offered on Carlton's auction website include A number of large and finished custom estate homes in a gated community gat·ed community  
n.
A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests.
; 125 hotel condo units; 250 residential lots, undeveloped land zoned for large residential lots, multi-tenant commercial and industrial buildings as wll as office and retail building.

The Loans are being offered on a competitive sealed-bid basis. Prospective bidders may bid on the assets on an individual basis or collectively as a portfolio.

Managing director Tom McCarthy Tom McCarthy can refer to any of the following people
  • Tom McCarthy (ice hockey) was an ice hockey player for the Quebec Bulldogs and Hamilton Tigers in the National Hockey League
  • Tom McCarthy (b.
, senior vice president James Gosse, senior vice president Sean Hussey and Matt Brown are running the sales effort on behalf of Carlton.
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Title Annotation:FINANCE; Carlton Property Group Ltd.
Comment:Carlton selling loan assets.(FINANCE)(Carlton Property Group Ltd.)
Publication:Real Estate Weekly
Article Type:Brief article
Date:Jul 1, 2009
Words:148
Previous Article:Mission markets $158m loan offering.
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