The European arm of Trimont, the leading real estate debt management and loan service advisor, has announced that it has received a maiden Primary Servicing Evaluation rating from S&P Global Ratings of Above Average with a sub-ranking of Strong for Management and Organisation. The rating announcement from the world’s largest credit rating agency signifies the ongoing development of the company’s presence in Europe and its work in the securitised market. This rating is only one level off the highest available and follows Trimont being named Loan Servicer of the Year in 2020 by Real Estate Capital.
Trimont’s European business, headquartered in London, continues its rapid expansion having announced 18 new hires since December. The S&P rating further illustrates the business’ strength and ability to service clients both in the private and securitised debt arenas. To receive a rating from S&P, companies must prove they have the loan servicing experience as well as sufficient management and organisation infrastructure to service clients. Trimont was award the highest ranking of Strong for the Management and Organisation of its European business.
Brian Ward, CEO, Trimont comments: ‘‘We are delighted to receive this rating from S&P which underlines our firm’s resources and ability to service clients around the world. Our U.S. business is rated Strong across all sectors, and we are thrilled to have been awarded such a high first ranking for our London based European business. We have a first-class, industry leading team in place to advise clients by offering unparalleled transparency, accuracy and clarity.’’
Bill Sexton, President of Trimont Europe added “This is a ringing endorsement of, not only the team in Europe and their undoubted experience and commitment to our clients, but also the wider Trimont resources and organisation that supports our global business. This is a significant step in the further development of our European business.”
Rob Pike, director at Trimont Europe comments: “We firmly believe we have one of the strongest teams in the market, this allied with Trimont’s leading technology means we’re very well placed to service securitised debt. This announcement underlines the capabilities of our European team as we strive to provide even greater clarity to investors and market participants alike.’’
The business’ rapid expansion in Europe can be attributed to its unprecedented success over the past 12 months, particularly in its credit and asset management division. Trimont has developed technology in support of it loan servicing and credit management services. The technology advances allow Trimont to provide clients with live time data which has been critical during the Covid-19 pandemic.
About Trimont Real Estate Advisors
Trimont Real Estate Advisors (trimontrea.com) specializes in the asset management of complex performing and non-performing credit on behalf of commercial real estate lenders and investors around the world. Trimont also provides loan servicing, facility and security agency, cash management, fund and asset level accounting, underwriting, due diligence and leading technologies such as TriviewSM, that empower clients to better evaluate and manage risk and return.
Over its 30-year history Trimont has managed more than $550 Billion of debt and equity investments into commercial real estate, comprising more than 26,000 assets managed in 64 countries. Trimont is highly rated by Standard & Poor's, Fitch and Kroll and serves clients around the world from major offices in Atlanta, Dallas, Dublin, Kansas City, London, Los Angeles, New York and Sydney.