Tuesday, September 20, 2023
CB Richard Ellis launches loan servicing business in Europe
CB Richard Ellis has become one of the first commercial real estate services companies to launch a loan servicing business in Europe, targeting portfolio lenders as well as the fast-growing European commercial mortgage backed securities (CBMS) market.
CB Richard Ellis is a major player in the U.S. loan servicing market via its subsidiary, L.J. Melody & Co. Melody's joint venture with GE Commercial Finance Real Estate, GEMSA Loan Services LP, serviced a commercial mortgage loan portfolio of approximately $60 billion as of December 31, 2004, one of the largest in the U.S. GEMSA serves more than 90 portfolio lenders and 150 securitized pools, and has top ratings from Fitch and Standard & Poors.
GEMSA provides an innovative, web-based servicing platform that CB Richard Ellis will use to support its servicing business in the UK and Europe. This encompasses new loan set-up, borrower billing, collection and payment posting, cash management and investor reporting to meet Commercial Mortgage Securities Association standards. Services are frequently customised to a client's particular needs and data management and security are given highest priority.
CB Richard Ellis is a major player in the U.S. loan servicing market via its subsidiary, L.J. Melody & Co. Melody's joint venture with GE Commercial Finance Real Estate, GEMSA Loan Services LP, serviced a commercial mortgage loan portfolio of approximately $60 billion as of December 31, 2004, one of the largest in the U.S. GEMSA serves more than 90 portfolio lenders and 150 securitized pools, and has top ratings from Fitch and Standard & Poors.
GEMSA provides an innovative, web-based servicing platform that CB Richard Ellis will use to support its servicing business in the UK and Europe. This encompasses new loan set-up, borrower billing, collection and payment posting, cash management and investor reporting to meet Commercial Mortgage Securities Association standards. Services are frequently customised to a client's particular needs and data management and security are given highest priority.
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