News

Reznick Restructuring Solutions and 1st Service Solutions Announce Alliance to Offer CMBS Loan Modifications

Dallas, TX (October 11, 2010) – Reznick Restructuring Solutions (RRS) and 1st Service Solutions announce an alliance to provide CMBS loan modification assistance to borrowers. The alliance will provide property owners and developers with a comprehensive array of loan restructuring, tax advisory and re¬capitalization solutions for under-performing assets secured by CMBS debt or those facing liquidity and take-out issues at maturity.

1st Service Solutions has a proven track record in debt restructuring, loan workouts and structured finance for CMBS loans and has served as a borrower advocate since 2005. RRS has the national footprint of a top 20 CPA firm and related capabilities such as valuation, tax advisory and has a deep bench of experienced operating partners who have led major workout units at banks, servicing shops and also served in senior operating roles at leading realty holding and investment companies. The two firms provide very complimentary services that create a solid footprint to specifically address the current issues associated with the CMBS industry.

About Reznick Restructuring Solutions (RRS)
RRS is an affiliate of Reznick Group, a top 20 national CPA firm. It provides lenders, investors, building owners, and developers with a versatile menu of results-driven restructuring solutions for troubled commercial real estate assets and loans. Our experienced team of real estate professionals has worked both sides of the debtor and creditor desk and can provide basic to highly complex restructuring services for securitized or on-book first mortgage and mezzanine loans. For more information, please visit www.reznickrs.com

About 1st Service Solutions
Founded in 2005, 1st Service Solutions was the first firm dedicated to serving as a borrower advocate in loan restructuring and assumptions. Its visionary leaders, with deep experience in the servicing industry, recognized the need for a borrower advocate, even before the collapse of the commercial real estate market. Since its creation, 1st Service Solutions has resolved more than $2 billion in loans for its clients. For more information, please visit
www.1stservicesolutions.com