MBA (10/7/2008 ) Murray, Michael
Johnson Capital, Irvine, Calif., formed a joint venture with the Miller Frishman Group, a Denver-based provider of commercial real estate advisory, property management and brokerage services, to create Johnson Capital Special Servicing in Denver.
The joint venture becomes a 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.
Guy Johnson, president of Johnson Capital, said the firm sees “tremendous demand for loan recovery services as a result of the recent turmoil in the credit markets.”
While Johnson Capital holds more than $4 billion in performing loans as a master servicer, Miller Frishman—a workout specialist for financial institutions during the Savings and Loan Crisis—turned around distressed real estate assets for the past 20 years.
JCSS principals will include Johnson, president of Johnson Capital, Cliff Carnes, COO and Darren Fisk, principal at Johnson Capital, as well as Andrew Miller and David Frishman, principals of Miller Frishman.
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