As of March 31, 2004, CMSLP
was named special servicer on 32 CMBS transactions, representing $16.
sold their CMBS primary and master servicing contracts, they have kept experienced personnel and relevant policies and procedures in place to remain prepared should primary or master servicing opportunities occur in the future.
As of March 31, 2001, CMSLP
serviced a $21 billion portfolio comprising approximately 4,411 assets, including assets within 32 CMBS pools, Standard & Poor's said.
expected to return the Shilo Inn loans to the master servicers as "corrected" and, in fact, informed the master servicers on September 30, 2004 of its decision to return the loans effective as of that date.
As of As of Balance Sheet Data March 31, 2004 December 31, 2003 Subordinated CMBS, at fair value $561,137,064 $511,681,345 Investment Grade CMBS, at fair value 335,173,766 325,321,411 Insured mortgage securities, at fair value 100,728,057 147,497,658 Cash and cash equivalents (including CMSLP
cash) 35,124,483 21,698,957 Total assets 1,076,818,102 1,069,211,744 Total recourse debt 369,212,095 350,042,667 Total non-recourse debt (match- funded and other debt) 339,075,253 415,549,536 Shareholders' equity 356,882,977 291,779,780 Significant Sources and Uses of For the three months ended Cash Mar.
4) The results of CMSLP
are excluded since CMSLP
's cash was not used to service our recourse and other debt or pay dividends.
31, 2001 CMBS and other MBS, at fair value $ 867,228,243 $ 832,682,042 Insured mortgage securities, at fair value 275,340,234 343,091,303 Restricted and unrestricted cash (including CMSLP
cash) 37,212,923 55,513,150 Total assets 1,241,085,243 1,315,004,123 Total recourse debt 375,952,338 407,637,430 Total non recourse debt (match- funded and other debt) 546,039,226 616,714,883 Shareholders' equity 291,661,090 261,044,678 CRIIMI MAE INC.
31, 2000 Balance Sheet Data: Subordinated CMBS and other MBS, at fair value $832,682,042 $856,846,268 Insured mortgage securities, at fair value 343,091,303 385,751,407 Restricted and unrestricted cash (including CMSLP
cash) 55,513,150 202,415,779 Total assets 1,315,004,123 1,557,839,645 Total recourse debt 407,637,430 558,585,417 Total non recourse debt (match- funded and other debt) 616,714,883 645,170,190 Shareholders' equity 261,044,678 268,258,016
This new arrangement maintains continuity in the ongoing asset management by CMSLP of specially serviced loans while adding the oversight, financial capacity and depth of BOMCM's highly rated special servicing.
He added that there have been no losses of principal in portfolios for which CMSLP has been special servicer.