Retreat Capital Management Group, an end-to-end provider of loss mitigation and portfolio management products and other services for lenders, servicers, asset managers and investors, is now offering property preservation services to its clients. By adding property preservation to its menu of product and service offerings, Retreat Capital is providing lenders with a single-source location for managing each step in the loss mitigation and portfolio management process.
“If often doesn’t take much for a vacant foreclosed property to fall into such disrepair that disposition becomes significantly impaired,” says Jim Orth, managing partner for Retreat Capital Management. “Our property preservation services give our lender clients a simple way to get and keep their REOs in top shape so they can shorten their time on the market and maximize their returns.”
Through a partnership with Elevate Property Services, Retreat Capital’s new property preservation services include inspections, initial securing services (such as lock changes and removal of debris), code violation abatement, ongoing maintenance, and full renovation services (such as paint, flooring, and repairs). These services, which can be ordered individually or in customized packages, are standardized so lenders can be sure that each property will be handled in a uniform and consistent manner.
“We’re partners in optimizing outcome,” says Andrew Layland, vice president of Elevate Property Services. “We focus on maximizing the value of properties through high-quality maintenance services and standardized renovation, all provided in cost effective design packages derived from market experience."
“Because property preservation encompasses such a wide range of services, there are a large number of vendors that must be managed by already strained REO departments. This can appreciably delay disposition,” said Orth. “Our property preservation division gives our customers the efficiency of a single service provider, the flexibility to customize services, and a skilled, outsourced team to manage the entire process. Retreat Capital offers a convenient way to expedite the disposition process and achieve the highest returns.”
For more information, visit www.RetreatCapital.com.