Asset management and loss mitigation provider ""Green River Capital"":http://www.greenrivercap.com (GRC) is expanding its REO services to the commercial mortgage industry.
According to a statement from the Utah-based company, the new services include the disposition of assets, property maintenance, lease verification, and property valuation.
""There is an increasing need for commercial REO management, and our experience with residential properties enables us to take our core capabilities and adapt them to serve a new and rapidly growing client base,"" said Brent Taggart, SVP of business development and client relations for GRC.
""As the industry anticipates a continued rise in commercial defaults, GRC will be equipped to provide specialized services to clients across the country and handle any property type,"" Taggart added.
Focusing its commercial REO efforts on small balance properties, the firm will also handle evictions and repairs and offer full title services.
GRC added commercial REO specialists to its nationwide agent network to manage the increasing number of commercial delinquencies.