NEW YORK, Dec. 18, 2015 /PRNewswire/ -- CCRE, a fully-integrated commercial real estate finance company, today announced that it has surpassed $50 billion in total commercial and multifamily loans serviced for its clients. The firm's commercial real estate servicing portfolio has grown at a rate of 47% through Q3 this year and stands as the fastest growing commercial loan servicing portfolio since the beginning of 2015 based on the most recent data provided by the MBA. Through its Berkeley Point Capital subsidiary, the firm services a diverse portfolio comprising approximately 2,800 commercial real estate loans throughout the United States.
"Reaching this milestone is another indication of CCRE's position as the dominant non-bank commercial real estate lending and services platform," said Anthony Orso, Co-CEO of CCRE. "In today's highly regulated environment, the combination of CCRE's scale and our ability to be nimble gives us a unique competitive advantage."
"We are committed to a partnership with our clients as a trusted solutions provider," said Jeff Day, CEO of Berkeley Point Capital. "The rapid growth we are experiencing is reflective of our ability to provide a broad spectrum of customized capital and services to existing and prospective clients." As a Fitch, S&P and Kroll rated primary servicer and an S&P and Fitch rated special servicer, Berkeley Point Capital is currently named the Special Servicer on five Freddie Mac-K Series Pools and has facilitated successful workouts for loans totaling $10.7 billion through October 31, 2015.
CCRE is a fully-integrated commercial real estate finance company providing innovative financing solutions to the real estate capital markets. The firm has closed over $40 billion in commercial real estate loans since 2010 and currently has a servicing portfolio of $50 billion. CCRE originates competitively underwritten fixed- and floating-rate mortgage, mezzanine and government agency loans secured by diverse asset types in most major U.S. markets. CCRE is capitalized by strong institutional sponsorship including affiliates of CIM Group and Cantor Fitzgerald, L.P., and is led by an experienced team of real estate professionals with extensive track records originating, structuring, managing and distributing commercial real estate loans in various economic cycles. For more information, visit www.ccre.com.
About Berkeley Point Capital
Berkeley Point Capital acts as a direct lender providing a fully-integrated origination, underwriting, closing, servicing and asset management platform. Providing financing to public corporations, private equity groups and individuals owning or acquiring a diverse array of multifamily property types, the firm's robust asset management and servicing platform provides risk management, collateral management, loan servicing, construction loan administration, special servicing and workout expertise.