Doral Said Trying to Sell Branches, Loans to Raise Capital

Doral Financial Corp., the holding company for Puerto Rico’s second-largest mortgage lender, is trying to sell itself in parts, people with knowledge of the matter said, to maintain compliance with capital requirements.

Doral, based in San Juan, is in the early stages of shopping its commercial real estate business, valued at more than $600 million, the people said. The bank is also auctioning off branches and loans in New York and Florida that could fetch more than $100 million combined, said the people, who asked not to be identified because the information is private.