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South Florida

Real estate loans up for sale

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A package of $350 million in outstanding loan assets will be shopped by
Carlton Advisory Services. Confidentiality agreements prohibit the firm
from disclosing specific information on the properties involved, though
Carlton executives say the majority are in Florida. One portfolio,
worth $259 million in 39 loans, includes about one-third of which are
secured by property along the west coast of Florida. Other properties
in Nevada, California, Louisiana, Mississippi, Alabama and Georgia back
the rest of the portfolio.