The primary servicer rating reflects the company's ability to service loans in a securitized environment. The special servicer rating considers DBMS's ability to manage non-performing commercial real estate loans. Both ratings are based on the company's significant servicing experience as well as the strength and tenure of its management team.
DBMS is a subsidiary of Deutsche Bank, an active participant in the commercial real estate market, with extensive experience in originating, financing, and securitizing commercial real estate debt. Based in Boston, with regional offices in Bethesda, MD; Irvine, CA; and Seattle, WA, DBMS primarily services multifamily loans for Fannie Mae and Freddie Mac. As of Dec. 31, 2006, DBMS was the primary servicer for 2,083 non-commercial mortgage backed security (CMBS) loans totaling $19.8 billion. As of the same date, DBMS was the special servicer for 46 non-CMBS loans totaling $297.6 million.
