Seyfarth’s dedicated loan servicing team represents a wide variety of loan servicers, including CMBS master, primary and special servicers, mezzanine loan servicers and subservicers.
The team has handled a multitude of loan servicing matters on behalf of CMBS master servicers, including assumption/change of control transactions, casualty/condemnation events, partial releases, loan splits and participations, commercial condominium conversions, collateral additions and substitutions, SNDAs, issues with co-lenders, participants, B note holders and mezzanine lenders, and many other borrower consent requests, including property manager changes, easements, construction projects, ground lease issues, and loan extensions. In our role as master servicers’ counsel, we are keenly aware of timing and other issues when obtaining rating agency no downgrade letters and special servicers’ approvals.
Our Loan Servicing practice has a tremendous breadth of experience, which is highlighted below:
Represent one of the largest master servicers in the U.S.
Leverage the Firm’s award-winning SeyfarthLean® client service model and SeyfarthLink technology to increase efficiencies and reduce cost
Seyfarth’s real estate litigation team has significant experience in complex document enforcement matters and disputes among co-lenders
Deep CMBS loan origination experience, having closed more than $2.5 billion in CMBS loans since 2015
Seyfarth has also represented special servicers with consent requests, workouts and foreclosures, borrower bankruptcies, intercreditor and co-lender issues, REMIC and other tax matters, and REO lender structures and REO operational issues.
We effectively address servicing matters in a way that will accommodate the borrowers’ needs while complying with all applicable servicing standards and REMIC tax rules.