Real Estate Owned -R.E.O.When financial or investment institutions have to foreclose on a commercial property the burden of operating and disposing (sell) of the property falls on the institution.
Many of these commercial properties are “special use” such as hotels, marinas or restaurants and require a unique set of skills for both managing and disposing of the real estate.
Institutions cannot afford to let the real estate and or business fall into disrepair. Many times it is advantageous to keep the business running, but more efficiently, and to stop the cash drain. Even if it is better to close the business, the physical building and property cannot be left unattended.
Regardless of the situation, Mantoan can be of assistance:
- Operations
- Consulting
- Building integrity management
- Real Estate sales
- Property Management/Maintenance
- Vacant Property Management
- Rental Income Management/Cash Flow
- REO Sales
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