Fitch Ratings has assigned Columbia National Real Estate Finance LLC a commercial mortgage-backed security (CMBS) primary servicer rating of CPS2-.
Columbia National's primary servicer rating is based on the company's extensive experience as a commercial real estate loan servicer for both CMBS and agency loans and the positive feedback received from master servicers, Fitch says. The rating also reflects the long tenure of management and staff and the company's thorough policies and procedures.
As of Sept. 30, Columbia National's total servicing portfolio comprised 457 commercial mortgage loans with an unpaid principal balance of $5.1 billion, of which 86 loans totaling $744 million were CMBS.
SOURCE: Fitch Ratings