Needham, Mass.-based CWCapital Asset Management LLC (CWCAM) has been named special servicer on 12 commercial mortgage-backed securities (CMBS) transactions totaling approximately $36 billion.
The appointment, made by ACAS CRE CDO 2007-1 Ltd. (which acts at the direction of American Capital), increases CWCAM's total CMBS special servicing portfolio to approximately $178 billion – representing approximately 14,500 loans, CWCAM notes. The company is also now the second largest appointed special servicer in the CMBS market.
