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IRG/Commercial, Inc. offers real estate lenders and investors a complete solution to REO management and disposition. Our focus is commercial real estate, including but not limited to: multifamily, land, retail, office and industrial properties with an estimated value of $2 million + nationwide. We are a full service commercial brokerage firm with the experience and dedication necessary to handle the process from initial legal action through the successful sale of the property. We coordinate and facilitate the property turnover, maintenance, management, listing process and closing.
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REO Services |
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For more information about this service: |
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Call Marnie Connor: 407-862-0101 x102 or E-mail mmconnor@irgcommercial.com I R G COMMERCIAL INC |
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The approach with each property is unique as our services are tailored to each client’s goals and timeline. IRG’s corporate expertise in asset management and disposition is supported with the following the background:
Liquidation of Portfolios of Real Estate Property, Distressed Real Estate and Non-Performing Loan Assets We have an extensive history of liquidating bank portfolios in the Central Florida area. Some properties received from lenders were in distressed condition and were evaluated and recommendations were made to lenders as to the type of services and costs required to prepare the properties for sale.
Asset Administration The project manager and key personnel have broad backgrounds in asset administration
Appraisal Techniques Formal appraisals would be provided as requested by qualified and approved appraisers. Key personnel are qualified to provide Broker Price Opinions (BPO) and Comprehensive Market Analysis (CMA) as required.
Budget Preparation and Analysis Project manager and key personnel have the background, experience and expertise to prepare budgets and to analyze prepared budgets. Budgets can be provided on each individual asset, by geographic region or as directed by the lender. Budget formats will be customized to meet lender’s requirements.
Construction and Development Management Project Manager is a developer and has successfully developed several residential properties in the Central Florida area. This has included all aspects of development from purchasing land, improvements, construction and selling homes and condominiums. They have also developed projects and sold developed lots to local builders. The project manager is capable of supervising several development projects simultaneously.
Property Management We have a lengthy history of property management for nearly every type of commercial asset. We have created a “SWAT” team qualified to walk onto a property, no matter what the current state, and identify the steps necessary to reduce losses and decrease recovery time.
Real Estate, Securities, and Loan Marketing Support in this area would be provided by an approved lender subcontractor.
Debt Restructing/Loan Workouts and Underwriting Support in this area would be provided by an approved subcontractor.
Foreclosure, Bankruptcy, and Loan Closings Project manager has served in a consulting role in numerous bankruptcy proceedings over the years and has also been called as an expert witness on many occasions in bankruptcy and foreclosure proceedings. Loan closings would be supported by an approved subcontractor.
Financial Institution Auditing and Internal Controls Support in this area would be provided by an approved subcontractor. |
