Our office will be playing an important role in restructuring the more than $4 trillion in debt projected to mature in the next four years since the bulk of this distressed real estate is located in the Southwest.
Dallas, TX (Vocus/PRWEB) March 03, 2011
1st Service Solutions, the first firm to serve completely as a borrowers advocate, announced the opening of their office in Phoenix, Arizona to assist borrowers of non-performing commercial real estate loans with debt restructures, assumptions, defeasance, discounted payoffs and equity and debt solutions. Kevin Kopp will be the director of the Phoenix office.
“Opening an office in Phoenix is a reflection of the increasing number of loan defaults in the Southwest,” says Ann Hambly, founder and CEO of 1st Service Solutions. “We are currently negotiating $4 billion in loans across the U.S. Establishing a local presence in Phoenix will allow us to better serve our existing clients in the area, as well as reach more borrowers in the neighboring states of California, Nevada and Colorado.”
“I am excited about the potential of this new office,” says Kevin Kopp. “Having worked with Ann Hambly and the 1st Service Solutions team as a client, I experienced firsthand their high level of professionalism and their speed and efficiency in resolving these loans. Our office will be playing an important role in restructuring the more than $4 trillion in debt projected to mature in the next four years since the bulk of this distressed real estate is located in the Southwest.”
Kevin Kopp has over ten years experience in the commercial real estate industry. Prior to joining 1st Service Solutions, he was a principal with Lee & Associates Commercial Real Estate Services specializing in retail investment sales. While at Lee & Associates, Mr. Kopp was a top producing investment broker.
About 1st Service Solutions
1st Service Solutions is a dedicated borrower advocate whose services include commercial real estate loan restructures, assumptions, defeasance, discounted payoffs and equity and debt solutions. Founded in 2005, 1st Services Solutions was the first firm to serve as a borrowers advocate and has resolved more than $4 billion in loans. The 1st Service Solutions team has deep servicing industry experience and can guide clients through the restructure process, resulting in a customized strategy that benefits all parties. From loan restructures to providing equity and debt, 1st Service Solutions is the complete solution for borrowers. For more information, please visit http://www.1stservicesolutions.com.
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