12/12/2011 // Newport Beach, CA, United States // Brillion // Max Kim
Brillion Asset Solutions, Inc., a Newport Beach-based asset management firm, announced Monday that it has acquired Infinity National Asset Management, a San Diego-based REO asset management company. Terms of the transaction were not disclosed.
According to a statement from Brillion, the acquisition “increases Brillion’s significant portfolio of clients and increases its vast real estate practitioner network, leading to a more efficient and timely disposition of non-performing assets.”
Infinity’s management, employees, broker network and client engagements have been transferred to Brillion as a result of the transaction, and will become a key component in Brillion’s nationwide footprint of operations.
“Brillion combines the power of institutional distressed asset aggregation and consumer direct marketing with a network of comprehensively trained real estate professionals to deliver best-in-class fulfillment to the real estate industry,” said John Fukuda, CEO of Brillion.
“Through our proprietary technology platform developed specifically for Brillion by our key technology partner, Channel Companies, Inc., we are providing an all-inclusive environment for the disposition, tracking, and closing of all types of transactions, from commercial and residential REO to commercial and residential short sale,” Fukuda added.
Jay Kister is the former President of Infinity, who became the Executive Vice President for Brillion at the closing of the transaction. Kister said, “Our team is extremely excited to join Brillion. We believe strongly in the company’s vision and ability to materially improve the way that distressed commercial and residential properties are renewed into performing assets.”
Brillion provides technology and education-based outsourcing solutions for banks, credit unions, hedge funds, REITs, private equity firms and high net worth individuals. The company requires its practitioner-broker network to complete company-endorsed, third-party provided, certification courses in order to receive transactional business, creating a differentiation in the marketplace.
Most recently, Brillion has added private and public auction capabilities to further extend its comprehensive suite of solutions for the disposition of non-performing assets in the most efficient manner. Unique to this method of disposition, Brillion utilizes both a listing and selling agent to complete the transaction with full commission participation.
The company plans to maintain two west coast campuses in San Diego, CA and Newport Beach, CA.
Brillion (BrillionAS.com) is a minority-owned business offering an end-to-end solution for aggregation and disposition of troubled, distressed and special real estate assets. By offering comprehensive asset management in both the short sale and REO verticals as well as fulfillment utilizing a national network of best-in-class, third-party certified, real estate practitioners to handle the disposition, Brillion efficiently resolves non-performing real estate assets.
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