TRIAX Special Assets Team

Due to the time that has elapsed since the Savings & Loan crisis, there are few experienced workout and ORE (Owned Real Estate) professionals left in the real estate industry. Special Asset Departments are becoming overloaded and ineffective with the increased work. The TRIAX Real Estate Services, LLC Special Asset Team brings real estate experience with specific knowledge of the Special Asset realm.

TRIAX was involved in assisting local lenders in the 1990's with repositioning and disposing of assets at maximum values. Our background tells us that you, as a lender, benefit most when you stay ahead of the curve from the initial concern of default to the eventual disposition of the real estate asset. The value of the underlying property is instrumental in making intelligent business decisions at the speed required in today's business climate. Most lenders are often frustrated with the “looking back” nature of the appraisal process which uses comparable sales to establish future values of properties. Additionally, appraisers are often unable to discuss market conditions looking forward since they lack adequate knowledge such as owner motivations and expectations, expense trends, and more. TRIAX is in the position to bring real-time market information that affects the value of real estate from the front lines directly into your office.

Because of TRIAX's experience in commercial real estate, we can extensively explore all options available to you. Our Special Asset Team saves both time and money by coordinating with cooperating borrowers, consulting on note sales and establishing management, leasing, and disposition strategies. TRIAX understands the differences in handling a wide range of situations from failed development projects to liability issues to multi-lender actions. Establishing a mutually beneficial relationship with TRIAX allows you to maximize return and minimize liability.

Our TRIAX Special Asset Team becomes YOUR team. In addition to our “in house” accounting, management, and leasing professionals, we have strategic partnerships with legal, construction, and valuation professionals that make up our expert team. Just as no two transactions are the same, we bring this same flexibility to our team selections. We build our teams based on the specific needs of our clients and their specific set of circumstances that surround a particular asset. This may be why we have long term clients that utilize TRIAX as their “in house” full service real estate department. We differentiate ourselves from the competition by looking at every asset as if we own it ourselves. Our perspective is coming from years of real estate ownership including land acquisitions, redevelopment, development, management, leasing, and in some cases, the disposition of real estate assets. Because of this unique perspective, we know what questions to ask. By working for you, you are guaranteed the highest level of service and satisfaction. That is our goal!

We look forward to visiting with you in the near future to discuss how TRIAX can be of service to you.