$62M real estate loan portfolio for sale

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A $62 million portfolio of commercial real estate loans, most for properties in South Florida, is up for sale. New York-based Mission Capital Advisors is marketing the portfolio, which contains 16 performing, subperforming, or nonperforming loans, for an unidentified financial institution. Properties for which loans are being sold include two oceanfront condos in Palm Beach and 22 acres of commercial land in Vero Beach. Registered bidders will need to sign confidentiality agreements to get access to full property and loan information.