Regions Real Estate Capital Markets Now Servicing its Loan Assets
07 Mai 2024 - 3:00PM
Business Wire
Establishing servicing signifies commitment to life-of-loan
customer service experience.
Regions Bank on Tuesday announced its Real Estate Capital
Markets division, a diversified multifamily and commercial real
estate lender, has now begun servicing the loans it has
originated.
“Already, clients recognize Regions Real Estate Capital Markets
as a source of customized financial guidance and solutions tailored
to meet the needs of the businesses we serve,” said Troy Marek,
head of Real Estate Capital Markets for Regions Bank. “Now, by
directly servicing Real Estate Capital Markets loans throughout
their lifespan, we’re offering a more seamless client experience
and valuable opportunities to work with customers on new and
evolving needs. This further differentiates Regions in the market,
and it sets the stage for additional growth moving forward.”
The Regions Real Estate Capital Markets servicing portfolio
includes loans previously originated by Regions’ Real Estate
Capital Markets Group as part of the following programs:
- Fannie Mae Delegated Underwriting and Servicing (DUS)
Conventional
- Fannie Mae Delegated Underwriting and Servicing (DUS) Small
Loans
- Freddie Mac Optigo® Small Balance Loans
- Freddie Mac Optigo® Conventional
- Commercial Mortgage Backed Securities (servicing only)
The loans in the servicing portfolio are financing or
refinancing assets categorized as multifamily, affordable housing,
workforce housing, senior housing, student housing, manufactured
home communities, and credit facilities.
“Throughout our work with clients, we never lose sight of the
fact that these financing solutions support important developments,
including housing communities that address the needs of many
people,” said Vartan Derbedrossian, fulfillment and servicing
manager for Regions Real Estate Capital Markets. “By expanding our
work to including servicing, we are further strengthening
life-of-loan relationships in ways that will help us meet even more
needs for clients moving forward.”
Regions Real Estate Capital Markets serves clients with a
comprehensive suite of agency financing solutions, meeting a range
of borrower needs. Solutions span agency options for acquisition,
refinance, bridge, and construction financing. The group’s loan
products serve borrowers and properties across all major
multifamily real estate asset types.
Regions Real Estate Capital Markets’ lending operations are
powered by SNAP™, a technology-driven platform that automates and
enhances customer relations across the life-of-loan process, from
loan origination through servicing. SNAP leverages tools including
real-time commercial property financing scenarios, seamless online
loan applications, and technology for tracking loan progress
through deal closure, and supporting servicing.
Regions Real Estate Capital Markets is a Morningstar rated
Commercial Mortgage Primary Servicer with a CS2 ranking and
Commercial Mortgage Special Servicer with a CS3 ranking, an S&P
Global rated Commercial Mortgage Loan Special Servicer with an
average ranking, as well as a Fitch rated Commercial Primary
Servicer with a CPS2 rating and Commercial Special Servicer with
CSS3+ rating.
Information on Regions Real Estate Capital Markets’
comprehensive multifamily and commercial real estate loan programs
can be found in the Real Estate Capital Markets section of
Regions.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $155 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,250
banking offices and more than 2,000 ATMs. Regions Bank is an Equal
Housing Lender and Member FDIC. Additional information about
Regions and its full line of products and services can be found at
www.regions.com.
About Regions Real Estate Capital Markets Group
Regions Real Estate Capital Markets is a diversified commercial
real estate lender that keeps borrowers and brokers ahead of the
curve with comprehensive debt solutions encompassing agency
options. SNAP®, the lender’s proprietary technology platform,
supports origination and servicing while enhancing the customer
experience. For more details, visit Commercial Real Estate
Financing | Capital Markets | Regions Bank.
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version on businesswire.com: https://www.businesswire.com/news/home/20240507342650/en/
Media Contact: Jennifer Elmore Regions Bank Regions News
Online: regions.doingmoretoday.com Regions Media Line: (205)
264-4551
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