Master Servicing



A Master Servicer holds the overall responsibility for the servicing of loans in a transaction. Responsibilities include sub-servicer oversight, portfolio and trust reporting, cash management, regulatory and legal compliance monitoring and the management of the advancing process when applicable.
Commercial Loan Securitizations (CMBS)
 
To date, Capital's experience as Master Servicer of CMBS has been focused in Japan, with over 13 securitizations totaling over JPY 324 billion or US$ 2.8 billion, with an average securitization size of JPY 25 billion or US$ 219 million. Securitized assets consist of multi-family residential properties built by two major Japanese construction companies. The success of the program is highlighted by the strong ratings and consistent over-subscription of the securitizations.   Non-Performing Loan Securitizations

Due to the complicated nature of NPL Securitizations, the track record and capability of a Master Servicer is of vital importance. Capital has a strong track record, having acted as Master Servicer for many major government-driven NPL Securitizations, including:

Japan - US$ 825 million Commercial NPL (RCC & Resona II, RCC III, RCC V, RCC VI & RCC VII)

Thailand - US$ 299 million Residential NPL (GT Stars I & II)