Commercial Sites, LLC Announces the Launch of BankProperyLists.com

Aug. 30, 2010 - PRLog -- Commercial Sites, LLC, a provider of online listing solutions for real estate, today announces the release of BankPropertyLists.com (http://www.bankpropertylists.com) the first online listing platform dedicated exclusively to banks.  This unique platform will ensure banks have an effective solution for selling unwanted commercial property.

One of the unseen casualties of the current economic condition is the toll on commercial real estate. Billions of dollars of commercial properties have been returned to banks and lenders, which has created an unprecedented problem – banks are now holding property that they do not want, cannot afford and need desperately to sell. “We began to recognize the depth and urgency of this problem about a year ago and we set out to do something about it,” began Ray Sounder, a partner in Commercial Sites, LLC. “Looking at what banks had available to them for listing commercial properties for sale, we knew we could do much better. The banks need a cost-effective way to promote and sell these properties and get them off their books – and that’s what our new service will help them do.”

The result is the newly released BankPropertyLists.com that offers many compelling benefits to banks. Among them, banks pay one fixed monthly fee to list all properties; banks can list with or without a broker; site visitors can see all listings without needing to register or pay. To address additional problems with the lack of available financing, BankPropertyLists.com (http://www.bankpropertylists.com) will be offering predetermined funding options for listings.  The service is rolling out by individual markets, avoiding the mistake of becoming very broad, but with no depth. The pilot market is Richmond, Virginia, with aggressive plans to open locally-focused sites for all major markets before the end of the year by working with local real estate professionals.

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About Commercial Sites, LLC

Commercial Sites LLC is a partnership between longtime business partners Momaji, LLC, of Virginia Beach, Virginia, and Strategic Technology Holdings, LLC, of Williamsburg, Virginia. Our real estate property solution is a multi-faceted online listing platform. It was developed to simplify the marketing of real estate online for all stakeholders - property owners, investors, buyers, sellers, occupants, financial companies, businesses and individuals alike. The platform has been successfully deployed on over sixty websites serving residential real estate (for sale and for rent), commercial real estate, vacation properties and other industries. For more information visit – http://www.CommercialSitesLLC.com or email us at – info(at)commercialsitesllc.com