Babson Capital benefits from a fully-integrated in-house asset management and servicing platform; staffed with experienced investment professionals that average more than 16 years of real estate industry experience1. Babson Capital’s loan administration capabilities have consistently received strong ratings from the rating agencies.2
Babson Capital leverages its investment resources and capabilities by fostering good communication and building relationships with its borrowers from loan origination through maturity. Babson Capital’s loan administration teams provide a national perspective, insight to the local markets, and direct access to and for its borrowers:
- Regional asset managers reside in each of the five regional offices located in Chicago, IL, Dallas, TX, Newport Beach, CA, Springfield, MA, and Washington, D.C. They are responsible for monitoring loan covenants, facilitating special requests from borrowers and performing all components of our loan review process, including property inspections, financial statement analysis, and valuations.
- Home Office servicing team members assist in the loan closing process, systems input and file creation, as well as managing standard servicing matters such as tax payments, UCC filings, loan pay-off etc.
- In-house insurance expertise seeks to assure appropriate insurance coverage for all real estate collateral.
- In-house special servicing team addresses non-performing loans by implementing structural modifications to return the loan to performing status or by proceeding to accelerate the loan and commence foreclosure.
1. As of April 1, 2009
2. Fitch Rating of “CSS2” for Special Servicing and “CSP2” for Primary Servicing, effective May 2008. Standard & Poor’s Rating of “Above Average” for Commercial Loan Servicing, and Commercial Servicing, effective December 2008; despite affirming the Above Average ranking for mortgage special servicing, Standard and Poor’s assigned a Negative Outlook to that ranking, reflecting “a diminished level of troubled loan management activity and corresponding recovery data during the past 18 months.”