Thrifts and Mortgage Finance
Company Overview of Midland Loan Services, Inc.
Midland Loan Services, Inc. provides commercial loan services for institutional, agency, and commercial mortgage backed securities portfolios. It offers Shared Servicing that delivers Enterprise!, a Web based technology solution to manage the commercial mortgage life cycle, including loan origination, securitization, servicing, and asset and portfolio management; and management, workout, resolution, and disposition services for non-performing loans and real estate owned. The company also offers commercial real estate advisory services and transaction support services, including investment due diligence, pipeline management and securitization support, and credit analytics and asset valuation....
10851 Mastin Street
Overland Park, KS 66210
Founded in 1991
Key Executives for Midland Loan Services, Inc.
Executive Vice President of Technology
Compensation as of Fiscal Year 2014.
Midland Loan Services, Inc. Key Developments
KBS Real Estate Investment Trust Inc. Settles Lawsuit with Loan Servicer and Lender
Apr 22 14
KBS Real Estate Investment Trust Inc. on April 16 settled a lawsuit in connection with a loan that it assumed with its acquisition of a real estate portfolio from Gramercy Property Trust Inc. KBS REIT, through indirect wholly owned subsidiaries, on September 1, 2011, entered into a collateral transfer and settlement agreement with certain subsidiaries of Gramercy that indirectly owned the real estate portfolio, to effect the orderly transfer of certain assets and liabilities of the real estate portfolio to KBS REIT in satisfaction of certain debt obligations owed by wholly owned subsidiaries of Gramercy to KBS REIT. The settlement agreement resulted in the transfer of the equity interests in certain subsidiaries of Gramercy that indirectly owned or, with respect to a limited number of properties, held a leasehold interest in, 867 properties. Beginning with the measurement period ended June 30, 2012, Midland Loan Services alleged that the borrower under the loan failed to meet the required ratio of cash flow to debt service. While such alleged noncompliance did not constitute an event of default under the loan agreement, the servicer claimed it had the right to impose and did impose a 'cash trap' to restrict distributions otherwise payable to the company after the payment of budgeted property operating expenses. KBS REIT, Midland Loan Services and the lender agreed to a settlement of the litigation and entered into an amendment to the loan agreement, pursuant to which the company paid $52.0 million to the lender, $7.0 million of which was drawn from a reserve fund.
Midland Loan Services, Inc. Presents at Novogradac Affordable Housing Tax Credit Conference, May-15-2014 02:45 PM
Mar 20 14
Midland Loan Services, Inc. Presents at Novogradac Affordable Housing Tax Credit Conference, May-15-2014 02:45 PM. Venue: New Orleans, New Orleans, Louisiana, United States. Speakers: Mark Ragsdale.
Midland Loan Services, Inc. Presents at The 5th Annual Bankers & Financial Institutions Special Assets Conference on Real Estate Workouts, Mar-10-2014
Nov 26 13
Midland Loan Services, Inc. Presents at The 5th Annual Bankers & Financial Institutions Special Assets Conference on Real Estate Workouts, Mar-10-2014 . Venue: Marriott New York Downtown, 85 West Street, New York, NY 10006, United States. Speakers: David A. Harrison, Vice President- Special Servicing.
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