Fitch: Varde Acquisition of Trimont Not Expected to Impact Ratings

Business News
Print
NEW YORK--(BUSINESS WIRE)--Following the acquisition of Trimont Real Estate Advisors (Trimont) by Varde Partners, Fitch Ratings expects to withdraw the commercial loan level special servicer rating of 'CLLSS3+' for FirstCity Servicing Corporation (FCSC), which is also owned by Varde Partners. The withdrawal of FCSC's servicer rating is expected to occur in the first half of 2016 in conjunction with Fitch's review of the newly combined Trimont platform in the first quarter of 2016. Fitch does no

imageimage