TRIMONT COMMERCIAL LOAN SERVICING RANKINGS AFFIRMED BY S&P GLOBAL and FITCH RATINGS
September 13, 2017 --
ATLANTA, GA, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Despite a tempered industry with multiple servicers receiving lower ratings this year, Trimont – the premiere provider of asset management, loan servicing, due diligence and customized advisory solutions to global real estate clients – has earned consistent, positive rankings by S&P Global and Fitch Ratings. Trimont is currently the largest, non-conflicted third-party servicing and asset management provider in the industry.
Both S&P and Fitch credit the company’s tenure and experience of the management and staff, as well as expertise and continued investment in technology systems and solutions to manage data and reports to clients. The increased efforts in employee training are another key factor in the affirmed ratings. Since Fitch’s last review, Trimont partnered with NYU Schack Institute of Real Estate to offer an online certificate program to employees designed to provide a solid framework for understanding commercial real estate and financial analysis.
“As a global industry leader regarded for providing high-touch, highly technical smart back-office asset management, loan servicing and underwriting solutions for real estate clients, we are tremendously proud of, and focused on our position in the market,” said Brian Ward, CEO. “We view our position as a truly non-conflicted service provider to be vital – we don’t have our own balance sheet, and we are not captive to any single capital provider – so we are focused exclusively on the best interests of our clients. Our team of experts remains steadfast in our mission to serve as trusted partners, provide services to support complex transactions, and successfully manage and protect our clients’ investments.”
Through the first half of 2017, Trimont's primary servicing portfolio has grown to approximately $40 billion, and the company’s named special servicing portfolio has grown 93 percent to approximately $9 billion by balance since year-end 2015 as a result of additional named special servicing assignments. Additionally, the company’s portfolio expanded to $22 billion in construction loans.
To access the full reports by S&P Global and Fitch Ratings, please visit: http://trimontrea.com/news.
About Trimont Real Estate Advisors
Trimont Real Estate Advisors is a real estate financial services provider with over $118 billion of client assets under management, providing services to commercial lenders and investors since 1988. Trimont is the leading provider of asset management, loan servicing, due diligence and advisory solutions to commercial real estate clients around the world. The firm has approximately 265 employees among six offices in Atlanta, Dallas, Los Angeles, New York, London and Amsterdam. From these offices, Trimont has managed approximately $225 billion of invested capital for clients on more than 17,500 assets with $500 billion of property value. Trimont has provided services to its clients in 61 countries.
Trimont is a highly rated primary, special and construction servicer, with particular expertise in repositioning and development deals. Trimont is rated by S&P Global as a Commercial Mortgage Special Servicer (Strong), a Construction Loan Servicer (Strong) and Commercial Primary Servicer (Above Average). It is rated by Fitch as a Primary Servicer (CPS2+) and a Special Servicer (CSS2), and by Kroll Bond Ratings, Inc.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7a022360-b91f-4b0c-9932-72ced1b5320d
CONTACT: Lauren HolmesTrimont Real Estate Advisors(404) [email protected]