OKLAHOMA CITY, March 17 /PRNewswire/ -- Patrick Blount of Receiver Certificate Capital Partners, LLP (RCCP), Oklahoma City, OK, today announced that RCCP has formed a strategic alliance with AMREX Receivers of Greensboro, NC (http://www.AmrexReceivers.com) to provide capital for commercial real estate properties that are operated under Court-Ordered Receivership by AMREX. Subject to court approval, the funds can be used for takeover expense, taxes, maintenance and repairs, keeping the properties open and operating in order to achieve the best possible liquidation price.
Many lenders, small banks and mortgage servicing companies are often reluctant to place properties in Receivership because of the cost to take over, maintain and liquidate. When a property is abandoned, it loses value quickly. The AMREX program keeps the collateralized asset open, maintained, or secured to allow for the best possible financial recovery.
Borrowers are also finding that a "Volunteer Receivership" is a good alternative to filing bankruptcy. Many lenders will not accept a deed in lieu of foreclosure or be subjected to the line of title or the cost associated with taking over and managing a property. The AMREX Receivership program is the best solution for both the lender and borrower.
AMREX operates nationwide as Private or Court-Appointed Receivers for commercial real estate properties and specializes in the Hospitality Industry.
Contact:
Chris Hice, Vice President at 877-554-1330 or [email protected]
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE AMREX Receivers
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