San Diego's Trigild Expands Offices to Accommodate New Hires
Company's Growing Receivership Portfolio Now Represents More Than $2 Billion in Defaulted Loans
SAN DIEGO, Calif. -- Trigild -- a rapidly growing distressed property management, loan recovery and real estate receivership specialist -- has expanded its San Diego headquarters to accommodate new real estate project management and accounting personal.
Offering the services of a court-appointed receiver, management company and consultant, and specializing in maximizing commercial loan recovery, Trigild is expanding its facilities to keep pace with a burgeoning demand for its expertise in the distressed property arena.
According to Trigild president and CEO Bill Hoffman, his company's portfolio of properties has grown significantly over the last year, and now represents over $2 billion in defaulted commercial loans, representing an array of industries, including the hospitality, commercial office and retail, multifamily and unfinished development sectors.
“Tight credit markets will continue to hinder investors' ability to pay off loans, and as a result, the rate of commercial defaults is soon expected to top five percent,” he said. “With this in mind, we are anticipating a dramatic influx of business in the coming months, and are growing our firm - and services -- to accommodate new clients and employees.”
Operating throughout the country, Trigild has handled over 300 receivership appointments for 1500 assets, currently handling more than 150 properties, including income properties, unfinished real estate and operating businesses.
Trigild's 30 years of industry experience and ability to immediately begin the process of evaluating and marketing the property is critical in a period of rapidly declining values. “We have a team of specialists for each asset class, as well as our in-house receivership legal team comprised of attorneys and paralegals,” Hoffman said. “Our staff is adept at renegotiating contracts, controlling and evaluating costs, and dealing with operational and personnel issues - and ultimately can help lenders save substantial sums of money.”