Marcus & Millichap is the largest firm specializing in commercial real estate investment services nationally, consequently we advise and sell more REO assets including golf courses and resort courses for lenders than any other firm.
Backed by the industry’s largest investment sales force and foremost research team, our Special Assets Services (SAS) division provides a full range of solutions for lenders nationwide from early-stage assessment, receiver/management company recommendations and valuation through disposition of REO golf & resort properties, bank owned golf courses and foreclosed golf courses.
A Proven System – The Broadest Access to Private Capital
In the early 1990s, the Resolution Trust Corporation ( RTC ) and numerous regional and national financial institutions relied heavily on Marcus & Millichap to dispose of over 5,000 distressed commercial assets. Since then, our cutting-edge technology, expertise and national coverage have grown exponentially with a steadfast focus on real estate investment specialization.
Marcus & Millichap’s Lender and Government Relationships
Lenders and government agencies depend on us to maximize liquidity and mitigate loss because of our track record of combining deep product and market knowledge with long-standing special assets experience. In 2008 alone, the SAS division has advised lenders and government agencies on over 2,000 special assets including more than 300 dispositions from Apartment buildings to golf courses, whether REO golf courses, sub or nonperforming golf courses, or bank owned golf courses.
| Ameresco | Fleet National Bank | Loan Acceptance Corp |
| Archon Group | Freddie Mac | Mercantile National Bank |
| Bank of America | GE Capital | Metropolitan Life Insurance Co |
| Bank One | GMAC | Ocwen Federal Bank |
| Chase Manhattan Bank | Guardian Life Insurance | Provident Life Insurance Co |
| China Trust Bank | HK Realty | Providian Life & Health Insurance |
| Chrysler First Business Corp | Immobilia International | Rebency Savings Bank |
| Citibank | ING Realty Partners | RTC Mortgage Trust |
| Commercial Bank of Korea | Korea First Bank | US Small Business Administration |
| Dean Witter International | La Salle National Bank | Washington Mutual |
| Fannie Mae | Lennar Partners | Wells Fargo Bank |
| FDIC | Lincoln Asset Management Co | World Savings |
- Founded in 1971
- 1,350 investment specialists in 75 offices
- Relationships with more private investors than any other source
- $20.7 billion in sales; 5,300 transactions closed in 2007 – Highest nationally
- Extensive special assets services experience
- Over 2,000 special assets assignments in 2008
- Industry-leading market research locally, nationally
- Expertise includes apartments, hospitality, industrial, land, manufactured housing, office, retail, self-storage, seniors housing and commercial loans
Special Assets Solutions
Our defining value proposition is to quickly and accurately assess, price, position and dispose of commercial real estate assets through a single point of contact by providing:
- In-depth knowledge or golf & resort properties in any market from coast-to-coast, enabling lenders and government agencies to make decisions rapidly
- Industry-leading access to the largest pool of private investors to maximize liquidity through both loan and real estate dispositions of golf course REOs and sub or nonperforming loans.
- Deep understanding of loss mitigation options utilized to collaboratively explore creative alternatives
- Leading-edge technology to give lenders and government agencies immediate and transparent oversight and reporting on assignments for single assets or large portfolios
A Structured Approach to REOs / Foreclosure of Golf & Resort Properties:
The Special Assets
Continuum
Our services are tailored to assist financial institutions and government agencies proactively evaluate golf & resort assets prior to entering the special assets continuum and to help manage and dispose of those that have already become distressed.
- We provide accurate, real-time valuation of the underlying collateral to help lenders and government agencies decide whether to proceed with a golf course or resort foreclosure or explore work-out options.
- For assets in foreclosure or distressed status, our advisory services enable lenders and government agencies to determine the right strategy and timing including debtor cooperation, asset management, note sale or property disposition.
- Best-of-class providers are engaged for key services such as asset management/receivership and auctions as deemed appropriate for each golf course REO, foreclosed golf course or golf resort asset/ portfolio.
- Our national platform has been perfected to value, package and market assets to the largest pool of qualified golf course & golf resort investors rapidly. This is driven by our unparalleled access to private capital. We are uniquely positioned to maximize asset value relative to the necessary time frame for recovering capital.
- We provide guidance and counsel on property valuations in advance of foreclosure auctions, ensuring optimum decision-making during the bid process.
- Our unparalleled national capacity results in accelerated asset and portfolio disposition, facilitated by buyer financing options through Marcus & Millichap Capital Corporation as well as our golf lender relationships.
