Retreat Capital Management Group, a Lake Forest, California-based provider of loss mitigation and portfolio

management products, announced Tuesday that it is now offering property preservation services to its clients through a partnership with Elevate Property Services, based in Santa Fe Springs, California.

“We’re partners in optimizing outcome,” said Andrew Layland, VP of Elevate Property Services. “We focus on maximizing the value of properties through high-quality maintenance services and standardized renovation, all provided in cost-effective design packages derived from market experience.”

Retreat Capital said the addition of property preservation services will allow the company to provide lenders with a single-source location for managing each step in the loss mitigation and portfolio management process.

“It often doesn’t take much for a vacant foreclosed property to fall into such disrepair that disposition becomes significantly impaired,” said Jim Orth, managing partner for Retreat Capital. “Our property preservation services give our lender clients a simple way to get and keep their REOs in top shape so they can shorten their time on the market and maximize their returns.”

The new services include inspections; initial securing services, such as lock changes and removal of debris; code violation abatement; ongoing maintenance; and full renovation services, such as paint, flooring, and repairs. These services can be ordered individually or in customized packages and are standardized so lenders can be sure that each property will be handles in a consistent manner.

“Our property preservation division gives our customers the efficiency of a single service provider, the flexibility to customize services, and a skilled, outsourced team to manage the entire process,” Orth said. “Retreat Capital offers a convenient way to expedite the disposition process and achieve the highest returns.”