According to Karlin Conklin, chief operating officer of Sperry Van Ness/Guardian, the company has spent the last several months "filtering through hundreds of properties to identify the most sellable assets" for the auction. The offered assets will include dozens of individual commercial properties located in six western states, and SVN/Guardian says that some will be sold at up to 90% off the original loan balance.
Conklin explains that prospective buyers will work directly with a local Sperry Van Ness adviser who has both property and market knowledge. This approach, she says, is designed to ensure a smooth due diligence process and a timely closing.
SVN/Guardian has partnered with Real Capital Markets to launch a MarketMaker web site for the auction, which "will serve as a distressed property marketplace" and will provide direct access to auction and REO listings, Conklin notes. "MarketMaker will also serve as a secure platform for handling note sales for our banking clients," she says.
Sperry Van Ness/Guardian is owned and operated by Guardian Real Estate Services LLC, a commercial real estate management and investment company that manages 125 multifamily assets totaling 12,000 units, as well as 600,000 square feet of commercial space.
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