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Midland Wins Contracts.(Brief Article)
Overland Park, KS-Midland Loan Services has been selected as special servicer for five commercial mortgage- backed securities transactions totaling approximately $4 billion, the servicer has reported.
Midland was selected by either the issuers of the bonds or the subordinate bond investors in the issues, which include Anthracite Capital - a mortgage real estate investment trust managed by Blackrock, a Midland affiliate - and Banc One Capital Corp., according to the servicer.
In this role, Midland will administer the workout and resolution of nonperforming loans in a CMBS transaction.
With the addition of these assignments, Midland is the designated special servicer on 71 CMBS transactions with ...
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Source: HighBeam Research, Midland Wins Contracts.(Brief Article)