CEX to auction $10 million in non-performing loans

According to Carlton chairman Howard Michaels, The Carlton Exchange (CEX) has been retained as the exclusive seller of $10 million of non-performing first mortgage loans secured by eight commercial office, retail and hospitality properties located throughout the U.S. The loans are being offered on a real time-bid basis and prospective bidders may bid on individual assets, bidder-defined asset pools or on the entire portfolio. Bidders may bid at anytime by completing and submitting a bid form that can be found at www.carltonexchange.com. "This $10 million portfolio is a great opportunity for investors to utilize the Carlton Exchange to bid on and acquire loans backed by cash-generating assets," said Michaels. Below is a description of some of the exceptional attributes of these loan assets, which can be found on the Carlton Exchange website. Colorado Springs, CO: A Three-story, 8,120 square foot mission style boutique hotel initially built in 1921 and renovated in 1993. The historic inn is located at the entrance of North Cheyenne Park and Pike National Forest. Pembroke Pines, FL: The collateral consists of a land site, containing 1.58 acres on nine parcels. The subject's primary improvements consist of a one-story office building totaling 1,050 square feet of gross building area and three ancillary structures used for storage totaling 8,095 square feet of gross building area. The subject was previously used as a wholesale nursery. Venice, FL: A 6,113 square foot, stand alone office building constructed in 2004 that is located within a larger business complex. Douglasville, GA: A 7,100 square foot multi-tenant retail building that was recently renovated and is located in the greater Atlanta metropolitan area with excellent access to the area's major thoroughfares. Goshen, IN: A 207-room hotel with meeting rooms, game room, restaurant and lounge. Washington, IN: This asset consists of three separate retail buildings and a garage, with a combined gross building area of 31,336 square feet on 4.84 acres of land. The restaurant is currently operating and is located along a retail corridor that runs from downtown Washington to the US 50 Bypass. Grawn, MI: A 34,800 square foot family entertainment center consisting of a bowling alley, billiards, laser tag, arcade center, miniature golf, banquet room and sports bar. Brockport, NY: A 3,100 square foot building utilized as an automotive service facility and includes four service bays.