Northbrook, Ill. -- Hilco Real Estate said Thursday it has formed Hilco Real Estate Managed Asset Resolutions to provide turnkey loan servicing to lenders and other real estate investing entities on their most deeply-distressed loans and REO assets.
Jerry T. Hudspeth has joined Hilco as CEO of the new group. Joining Hudspeth on the leadership team are Ronald M. Lubin, Edmund H. Terry and Michael Tsandilas.
“Deeply-distressed assets need specialized attention and unique skills to maximize value,” Hudspeth said. “Traditional servicers and lender workout groups cannot afford, or are often simply unable, to properly service these assets.”