NORTHBROOK, Ill., Aug. 29, 2022 /PRNewswire/ — Hilco Real Estate LLC (HRE), a division of Hilco Global, celebrates the expansion of its receivership services to benefit lenders and loan servicers of commercial real estate. This specialized platform complements our asset management and disposition services to provide a full suite of offerings for our clients.
The receivership expertise of senior members of the HRE team has led to the recovery of hundreds of millions of dollars for lenders with troubled real estate loans or REO. Our team has worked with national, regional and community banks, CMBS Special Servicers, private equity funds and opportunistic bridge lenders. Notable receivership engagements include: the disposition of 27 vacant national restaurants on behalf of a regional bank; leasing and disposition oversight for a 45,000 SF shadow-anchored retail center; and overseeing the property management and leasing activity on a portfolio of five industrial/flex properties to stabilize the properties for sale.
Mitch Vanneman, vice president of business development and HRE’s lead in its receivership practice, states, “HRE clients have access to another valuable tool for gaining control and monetizing troubled loans or assets with the inclusion of receivership services in its platform. Having a third party (receiver), whose sole focus is managing commercial real estate assets, to oversee and control the operations of the property, helps to ensure a speedier…
