Sperry Van Ness Enters Commercial Loan Sales Arena
- Nov 19, 2010
November 19, 2010
By Allison Landa, News Editor
Commercial real estate advisory and brokerage firm Sperry Van Ness, in partnership with loan sale advisory services provider Benewolf, has made its first foray into the commercial loan sales market. The Sperry Van Ness Asset Recovery Team will focus on distressed asset sales at any stage of asset impairment.
According to Sperry Van Ness president & CEO Kevin Maggiacomo, the move sets the firm apart from others seeking to work with distressed assets. He asserted that the partnership with Benewolf allows Sperry Van Ness to transcend simple talk of growth – and instead simply deliver it.
The Sperry Van Ness Asset Recovery Team was launched in December 2008, specializing in troubled-asset services for government agencies, lenders, special servicers and financial institutions. It consists of more than 900 market experts and professional brokers who offer services including market research, asset evaluation, loan workouts, property preservation and asset management and is headed by executive managing director Jerry Anderson.
Anderson noted that entering the commercial loan sales market gives the firm an unprecedented power to advise financial institutions at each stage of asset recovery.
Headquartered in Irvine, Calif., Sperry Van Ness has franchisees in three countries, 38 states and 153 markets. In the last four years, the franchisees and their advisors have completed more than $39 billion in sales volume on more than 12,000 transactions.