Commercial Real Estate Direct Forms Strategic Alliance With The Debt Exchange, Inc.Business Editors/Hi-Tech Writers NEWTOWN Newtown, town (1990 pop. 20,779), Fairfield co., SW Conn., on the Housatonic; inc. 1711. Pressure gauges, plastics, and paper and metal products are made, and dairy and fruit farms are in the area. , Pa., & BOSTON--(BUSINESS WIRE)--Oct. 3, 2000 Commercial Real Estate Direct.com, a service of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Publishing Group, has formed a strategic alliance with The Debt Exchange, Inc. that establishes DebtX's loan-trading system as Commercial Real Estate Direct's loan marketplace. The alliance will give the registered users of Commercial Real Estate Direct immediate access to DebtX, which has quickly become the industry's leading online marketplace for buying and selling loans on the secondary market. DebtX was chosen to power Commercial Real Estate Direct's loan marketplace because DebtX only lists loans that meet its stringent prescreening process including pricing expectations and full disclosure. As a result, DebtX has maintained an extraordinarily high trade rate giving investors comfort the loans really will sell. The site currently has $100 million of loans that are for sale. "We've we've Contraction of we have. we've have determined that DebtX offers what could be the most powerful Web-based loan-trading platform in the market," said Orest Mandzy, managing editor of Commercial Real Estate Direct. "We're we're Contraction of we are. we're we are always looking to enhance our news and information service, providing our user-base quick access to DebtX fits the bill." "This strategic alliance with Commercial Real Estate Direct represents a significant milestone in our development," said Kingsley Greenland, DebtX's chief executive. "By joining with the premiere provider of online information to the real estate community we are securing an advantage. We are proud that such a recognized industry leader as Commercial Real Estate Direct would select us as 'best of breed' for their loan marketplace." About DebtX DebtX is a secondary market for commercial loans - not a bulletin board. Nearly all the assets that are listed on the site for sale are traded. That exceptionally high trade rate (97 percent) is the result of the value-added processes the company has put in place. Users of DebtX can conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on potential acquisitions at little cost. That translates into higher prices for sellers. Indeed, many seasoned performing loans that are listed trade at prices above 100 percent of unpaid balance. The company's principals have more than 30 years of experience buying and selling mortgages on the secondary market. The firm received venture capital funding from SparkVentures and OneLiberty in May. About Commercial Real Estate Direct Commercial Real Estate Direct is the industry's premier source for online news and information, keeping subscribers up-to-date on the latest events in the commercial mortgage-backed securities Commercial mortgage-backed securities (CMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage-backed security which are backed by mortgages on commercial rather than residential real estate. market, the investment-sales arena, REITs and institutional investments. The service includes the CMBS CMBS See: Commercial Mortgage Backed Securities Pipeline, which contains details about upcoming and completed CMBS deals, the CMBS Pricing Matrix, which tracks CMBS prices on the secondary market and the CMBS League Tables, which tracks the most active players in the market. Commercial Real Estate Direct is a service of Internet Publishing Group (www.ipgdirect.com) About Internet Publishing Group Internet Publishing Group Inc. (www.ipgdirect.com), founded in 1999 by five former Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance executives, is a leading content-for-commerce (C4C C4C Cadet 4th Class C4C Comment for Comment (Myspace) ) company serving clients in commercial real estate, energy, private equity and emerging markets. Based in Newtown, Pa., the company provides pricing data, market news, expert commentary and research to business professionals and companies operating in business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) markets. Internet Publishing Group is partly funded by PA Early Stage Partners, a Safeguard Scientifics affiliated private equity fund. |
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