Lender fields bids for Centerpoint condo towers

Two years ago, Arizona's largest private real-estate lender, Mortgages Ltd., was forced into bankruptcy. Its high-profile and expensive projects stalled shortly after that, as did the lender's dividends to investors. ML Holdings, successor to Mortgages Ltd., is now taking offers on one of the biggest developments in its portfolio, the Centerpoint Condominiums in downtown Tempe. Proceeds from the sale will go to pay back the development's many investors. At least 75 large real-estate firms have expressed serious interest in the two towers, said Mark Winkleman, chief operating officer for ML Holdings.

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