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Midland Wins CMBS Servicing.(Brief Article)
Midland Loan Services, division of PNC Real Estate Finance, has been selected as master servicer for a $438.8 million commercial mortgage-backed securities transaction.
Donaldson, Lufkin & Jenrette Securities Corp. is the lead manager on the CMBS deal, which is secured by a pool of 30 adjustable-rate mortgages backed by properties in 12 states. The largest concentrations are in Texas, New Jersey, Illinois, and Arizona.
The loans in the pool ...
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