Robert Garmo BIO
Robert Garmo graduated from the University of Michigan in 1988. Robert became a real estate agent in 1988 and worked for Century 21 for a period of time. Robert applied to law school in 1989 and graduated from the University of Detroit, school of law in 1992. He passed the Michigan bar exam in the summer of 1992, and began practicing law in the Detroit area.
In 1997, Robert moved to San Diego, and passed the California bar exam and began practicing law in the San Diego area. Since 1997, Robert has been practicing law as a partner of Garmo & Garmo LLP in the San Diego area. The primary areas of practice have been immigration law and commercial real estate transactions, including contracts, sales, acquisition, and repositioning of assets, including the handling of distressed assets, REO properties, and commercial loan modifications.
In 1998, Robert became a licensed real estate broker in Californiawith emphasis in the commercial real estate market, including hospitality, gas stations, and NNN investments. In 2001, Robert became involved with the American Motel Hotel Brokers network, having purchased the rights to the AMHB territory of Southern California.
From 2004 to 2008, Robert became a co-owner and manager of multiple lodging properties accumulating first- hand experience in the operations and management of hotels in different states.
In 2008, Robert started Novoprop Inc., a California licensed real estate brokeragefirm specializing in commercial properties and particularly hospitality properties. Novoprop Inc. began managing several hotel properties throughout the United States.
The deterioration of the U.S. economic market in 2009 had a tremendous impact on the lodging industry causing many owners to lose their properties. Not only did the lodging business suffer, but many of the hotel owners could no longer manage their debt service. Robert began helping hotel owners modify their loans so as to keep their properties. Robert also helped hotel owners and other commercial property owners in working with lenders to find suitable exit strategies such as entering into pre-approved short sales, deeds in lieu of foreclosure, purchasing notes directly from lenders, and working directly with lenders on privately orchestrated work-outs to avoid Chapter 11 bankruptcies.
Today, Robert continues to specialize in commercial real estate transactions providing clients exceptional service in all facets of real estate transactions, including sales & acquisition, property repositioning, franchising, financing, 1031 exchanges, and exit strategies.