Cortland Capital Market Services, a Chicago-based custody and portfolio administration provider, has expanded its securitization services for commercial real estate investment managers and issuers. Russ Goldenberg, managing director, said the company is responding to the expected implementation of TALF, which has been expanded to include commercial mortgage-backed securities.
CMBS Investor Services provides custody, asset servicing, analytics, reporting and fund administration and will be able to work with assets that are either held directly or through a TALF custodian. "We will be in a position to be an all-in-one servicer on a portfolio," Goldenberg said. CMBS Issuer Services offers modeling, bond and collateral administration, investor reporting and custody and tax. It can also work as a trustee on behalf of issuers.
Cortland expanded its portfolio and custody services for CMBS in September. Its clients are market participants who invest in CMBS, whole loans and b-pieces and Cortland provides a way to custody assets, collect and aggregate data and performs cash reconciliation. It works with smaller-start up firms as well as larger funds, Goldenberg said.
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