Mortgage & Asset Xchange Awarded $32.4 MILLION Central Florida Commercial Asset Pool

Online, May 14, 2010 (Newswire.com) - ORLANDO, FLA. (MAY 11, 2010) - Mortgage & Asset Xchange has been awarded the exclusive rights to market a five-property commercial asset pool a regional U.S. bank. The $32.4 million pool is secured by commercial property located in the greater Orlando, Fla. area.

The pool includes a variety of commercial property types, including vacant multi-family residential, mixed used, undeveloped commercial/agricultural land, industrial, and office.

"This pool represents a unique opportunity for local investors to take advantage of the discounts offered by the sale of distressed notes and real estate owned commercial properties," said Greg Grauer, managing director of Mortgage & Asset Xchange. "Investors may bid on these Central Florida properties either individually or in bulk."

Interested parties may obtain detailed property information and register for the bidding process at www.maaxchange.com or call (888) 561-5626 for more information. The bidding process begins immediately. Investors should be prepared to tender initial bids by May 27, 2010 with closing to occur on or before June 25, 2010.

About Mortgage & Asset Xchange
Headquartered in Orlando, Fla. with offices in New York, Mortgage & Asset Xchange (www.maaxchange.com) has a successful history of acquisition and sale of performing and non-performing debt and REO across the United States. They provide an efficient search-and-purchase process that allows qualified buyers and sellers to effectively address their distressed asset needs.