Trepp is one of the principal provider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industry, is thrilled to announce that Auction.com is now contributing distressed loans and properties for sale to TreppMLS .
Currently, Auction.com has over $1 billion of Nevada commercial real estate properties and notes for sale on TreppMLS. The offering features profitable, multifamily, land and industrial assets throughout Nevada. The assets are primarily in Las Vegas with additional properties and in Henderson, Carson City, Sparks and Reno.
“With many of the major players listing on TreppMLS, I simply could not afford to remain on the sidelines” said Greg Spiro, Executive Vice President of Auction.com.”
TreppMLS is the industry’s first online listing service to include both commercial real estate properties and securitized/non-securitized loans that are for sale. By offering TreppMLS as a complimentary service to over 2,300 institutional Trepp subscribers and allowing sellers to list all of their global distressed CRE assets for free, there is no marketplace with a higher concentration of qualified buyers and sellers.
It was established in 1990, Auction.com and its predecessor entities pioneered the model for modern real estate auctions and has transformed into a comprehensive real estate services company. The company has established a dominant position in its industry by selling more than $9 billion in real estate assets at auction since 2007. Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients are residential and commercial mortgage lenders, servicers, major financial institutions and home builders. The success of Auction.com is based on the aggregation of real estate assets that are marketed and sold in large format auctions across the country and online.
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