EQ Services completes loan sale to Berkeley Federal.ATLANTA--(BUSINESS WIRE)--Jan. 17, 1995--EQ Services Inc., one of the nation's largest commercial mortgage and asset management services companies, recently completed the liquidation and sale of 19 mortgage loans to Berkeley Federal Savings & Loan of Florida. The book value of the loans sold was approximately $1.25 million. EQ Services negotiated and closed the sale acting as special servicer for the owner of the mortgages, Equitable Construction Lending Corp. (ECLC ECLC Early Childhood Learning Center ). The sale closed on Nov. 30, 1994. Headquartered in Atlanta, EQ Services provides a complete range of commercial mortgage and asset management services including due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , portfolio valuation, master servicing, customized portfolio performance reporting, special servicing and REO reo Noun NZ a language [Maori] management and loan disposition. EQ Services' blue-chip client list includes major investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , life insurance companies, state insurance regulators, commercial banks, thrifts, pension funds, and private investors. EQ Services is an independent affiliate of Equitable Real Estate Investment Management which currently has more than $36 billion in real estate and mortgage assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , and ranks as the leading manager of pension assets invested in real estate. Equitable Real Estate is a unit of The Equitable Companies Inc. (NYSE NYSE See: New York Stock Exchange :EQ), which has total assets under management of $180 billion. CONTACT: EQ Services Inc., Atlanta Eileen M. D'Ippolito, 404/654-2663 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion