To lead the industry in the acquisition, management, and disposition of distressed residential and commercial real estate loans and properties nationwide by applying best real estate business practices, and by attracting domestic and foreign capital via attractive returns for investors, taxed at favorable capital gains rates, whenever legally possible. By returning properties to productive use, jobs will be created, and communities and families will be stabilized through the creation of homeownership and rentals with option to purchase opportunities. The NREV commercial loan workout program seeks to minimize the equity shortfall crisis threatening the refinancing of the trillions of dollars of devalued commercial real estate mortgages now coming due.
Formation of NREV
NREV was formed by a group of principals with extensive government, legal, real estate, and banking experience. This experience has allowed them to leverage their relationships on a nationwide basis to identify opportunities in the current residential and commercial mortgage markets.
The officers of NREV have forged banking and governmental relationships that allow them early and optimum access to real estate owned ("REO") and distressed commercial and residential mortgages across the country. NREV is currently accredited with many financial institutions and utilizes strategic relationships with recognized national outsourcers and title companies. These alliances enable NREV to conduct the large scale purchase and sale of REO and distressed loans, as well as perform due diligence expeditiously. NREV’s entrepreneurial and nimble nature allows it to maximize returns for investors in the face of changing markets and government policies.