ValueXpress has been providing loan servicing support for CMBS conduit loans to clients for many years. We have increased our capacity to help more clients with servicing submissions and are accepting a limited number of new clients for 2022. ValueXpress will prepare all servicing documentation required by CMBS servicers in 2022 for its clients.
CMBS conduit loans require quarterly and annual financial reporting that must be provided to the loan servicer in a timely manner. In addition, to draw funds from reserves requires substantial documentation for the draw to be approved. Many CMBS borrowers find the reporting requirements a burden and prefer to spend their time managing their properties. As a result, our clients have reached out to us to prepare quarterly and annual financial reporting, budgets and document reserve draws required by CMBS servicers. ValueXpress knows exactly how to prepare a complete servicer-reporting package, so our clients can rest easy knowing they will no longer receive annoying overdue/incomplete notices from loan servicers.
Here is a summary of our services:
The term of services is one calendar year beginning January 1, renewable annually. Please note that services include the 2022 budget, which is due November 2021, so sign up now! The annual fee for this service is $2,500. If you are interested in signing up for this service, contact Mike Sneden (firstname.lastname@example.org; 212-883-6447) or Gary Unkel (email@example.com; 212-883-6475).