WORKOUTS

With the evolution of securitized lending, commercial real estate financing has gone from mostly relationship driven to a transactional business. The unfortunate and unintended consequence of a CMBS securitized loan is that most borrowers today have no relationship with, let alone know the names of, those individuals empowered to administer loan workouts on behalf of the bondholders who hold their mortgage, the special servicer. Most borrowers have little understanding as to the complicated fiduciary responsibilities that these servicers have with the multiple classes of bondholders that comprise a REMIC. More importantly, borrowers are not aware of the latitude that servicers have in terms of a restructure.

RiverCore has the insight and experience to help you navigate through the maze of bureaucracy that typifies a loan modification with a special servicer. Based on years of production and our reputation in the capital markets, we enjoy long-standing relationships with numerous lenders, including most major special servicers.

Special servicers include but are not limited to:

  • Berkadia Commercial Mortgage
  • C-III Asset Management
  • CW Capital
  • Helios AMC
  • J.E. Robert Company
  • Key Bank
  • LNR Partners
  • Midland Loan Services
  • ORIX Capital
  • Prudential Mortgage
  • Wells Fargo