CB Richard Ellis Group Subsidiary Receives Special Servicer Designation

http://www.cbre.com][u]CB Richard Ellis Group Inc.[/u][/link] subsidiary CBRE Loan Services Inc. has been added to Standard & Poor's (S&P) Ratings Services' Select Servicer List as a commercial special servicer. CBRE Loan Services will provide special servicing and distressed-loan management services to institutional commercial mortgage lenders and other special servicers in the U.S. S&P designates commercial special servicers based on an assessment of a firm's operational capabilities for servicing commercial mortgage portfolios, as well as its management and organization, servicing administration and financial position. "Our commercial special service initiative offers lenders, other special servicers and bondholders the benefit of the comprehensive CBRE Capital Markets platform and our professionals' deep experience with servicing loans and managing underperforming real estate assets at a level of quality assurance that Standard & Poor's requires," says CBRE Capital Markets President Brian Stoffers. CBRE Loan Services will offer its services directly to institutional lenders, such as insurance companies and banks, and on a subcontractor basis to other special servicers. SOURCE: [link=http://www.cbre.com]CB Richard Ellis