LandBaron Brokerage has established itself as a leading advisor to banks and other financial institutions who have non-performing loans or acquired properties through foreclosure or deed in lieu. Since 2009, LandBaron has negotiated and closed nearly two dozen REO sales for several large lenders including City National Bank, Bank of Nevada, Vestin Mortgage and NARA Bancorp. Our team understands the unique differences and challenges inherent in the marketing and sale of distressed assets.

Our proactive marketing approach has led to outstanding results for our banking clients. Virtually all of the REO properties we have sold closed in 30 days or less to all cash buyers and most of these properties were listed for less than 6 months before they sold. LandBaron prides itself on the ability to determine the intrinsic value of assets even when few sales comparables or development activity exists to estimate market value. It is our deep understanding of market variables such as construction costs, land values, lease rates, vacancy rates and capitalization rates that enable us to develop alternative valuation models and not depend solely on sale comparables.

Our ability to deliver accurate and impartial valuations to our clients has proven to be a valuable asset and tool for strategic planning, regulatory reporting, risk assessment and ultimately a sale of the property. In the face of rapidly changing markets and highly inaccurate appraisals, our valuation experts can help give you the confidence you need to act decisively and profitably. We not only understand how to value distressed property in a transitional market but how to identify and qualify real buyers for these properties.

Often, LandBaron begins advising bank clients at the earliest sign that a loan has or will become non- performing. Many of our bank clients have recognized that the time to develop a strategy is during the pre-foreclosure process. Up to 12 months of time can be saved in the marketing and sale of a distressed property if a strategy is developed prior to foreclosure.

LandBaron encourages you to contact us to evaluate any properties or loan portfolios that have become distressed. We will provide a realistic valuation and will work with you to develop the appropriate strategy for disposing of or restructuring any distressed assets.