Page 2 - Primary Servicer News Today

Thursday, April 1, 2021 On March 26, 2021, Judge Maryellen Noreika of the U.S. District Court for the District of Delaware dismissed a lawsuit brought by the Consumer Financial Protection Bureau (“CFPB”) in  Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts, 1 finding,  inter alia, that the CFPB’s suit was constitutionally defective due to the CFPB’s untimely attempt to ratify the prosecution of the litigation in the wake of the Supr...

SPOKANE, WA - Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $20.8 million in financing for the $34 million purchase of the 232-unit Northern Heights Apartments community in Airway Heights, Wash. on behalf of a private Tenant-in-Common (TIC) investment entity focused on long-term ownership of the asset. Gantry’s Demetri Koston, Principal, and Joyce Chen, Associate, structured the loan on behalf of the borrower. The 15-year loan was placed with Fannie...