DENVER, CO - Johnson Capital, a leading national real estate investment banking firm, announced today a new joint venture with the Miller Frishman Group (MFG), a provider of commercial real estate advisory, property management and brokerage services. Operating out of the Denver, Colorado office, Johnson Capital Special Servicing (JCSS) will provide a vertically integrated loan workout platform and offer asset management, property and construction management, note sales and brokerage services to financial institutions with troubled commercial real estate loans.
This joint venture will leverage off the strength of each company's individual expertise. With 19 offices nationwide, Johnson Capital is a Master Servicer for over $4 billion in performing loans to date and offers extensive experience in procuring debt and equity. MFG was recognized as a key workout specialist for financial institutions during the Savings and Loan Crisis of the 1990s. The firm has a 20 year track record of successfully turning around distressed real estate assets. JCSS principals will include Johnson Capital President - Guy Johnson, Johnson Capital COO - Cliff Carnes, Johnson Capital Principal - Darren Fisk as well as MFG Principals Andrew Miller and David Frishman.
JCSS will provide a unique service for financial institutions by offering a "one stop shop" for the loan workout process. With in-house capabilities, the firm will offer an efficient process guaranteed to relieve stress to lenders and maximize loan recoveries. Furthermore, as the only investment bank to handle loan disposition as well as debt and equity procurement, JCSS will fill a niche that is currently un-served in the commercial real estate market.
"We are seeing a tremendous demand for loan recovery services as a result of the recent turmoil in the credit markets," said Johnson Capital President, Guy Johnson. "Our principals and managers bring years of experience in commercial real estate to the table, and the JCSS team has the expertise to help clients maximize loan recovery as quickly as possible. We believe our unique services will come as a welcome relief in this time of economic chaos."
Source: Business Wire