BART Offers Banks Uncommon Service

With national, regional and local economies steadily improving in most sectors, Banks continue to deal with troubled assets (REO properties), and while the pipeline is diminishing in some cases it seems understood that we are a long way from resolving the problem of upside-down loans on commercial and residential properties. Benchmark Asset Recovery Team (BART) was established solely for the purpose of offering those banks without a large real estate department an alternative, a single point of contact full service real estate department for hire. BART is composed of four functioning elements: CLASI Inc, a back office commercial banking entity with many years experience in loan workouts; Benchmark Asset Services Inc., a full service asset and property management company; Benchmark Brokers Inc, a residential sales brokerage company; and Coldwell Banker Commercial Benchmark, a full service commercial real estate sales and leasing company. These companies, located within the Jacksonville MSA, contribute to make BART truly unique to the banking world. And, the service rendered works; banks are relying on the highly professional expertise the entity offers, saving them time, manpower, energy, and thus an improvement to the bottom line.