Atlanta, GA (PRWEB) June 20, 2014
Real estate asset management firm Trimont Real Estate Advisors has seen a 12.9 percent increase in construction loan administration assignments over the past 18 months, reflecting an increase in construction activity nationwide.
In the history of its construction loan administration offerings, Trimont has serviced more than 1,475 projects totaling more than $46 billion of construction loans. During the 18 months ended May 31, Trimont’s portfolio has grown to nearly $6 billion in deals for new developments alone, including large urban mixed-use, trophy office, high-end hospitality, multifamily rentals and condominiums in major and secondary markets. The company expects $3.5 billion more to enter its pipeline in the next six months.
Trimont, which has $60 billion of invested capital under management, serves as a bridge between lender and owner by monitoring all aspects of lender risk including construction budget, schedule, critical dates and compliance. This February, Trimont earned a “Strong” Construction Servicer Rating from Standard and Poor’s – the agency’s highest rating.
The company’s commitments over the 18-month period ended May 31 have included increases in multiple categories, including:
“As development continues to accelerate in urban and suburban clusters, we’re seeing ample opportunities for major markets such as New York, Los Angeles, Houston and Atlanta,” said Greg Winchester, Principal at Trimont Real Estate Advisors. “We expect this growth to continue trending strongly upward in the coming year, and are grateful to play a part in our clients’ exciting contributions to economic development.”
Trimont’s increased activity mirrors that of the U.S. construction industry according to recent leading indicators:
About Trimont Real Estate Advisors
Trimont Real Estate Advisors (trimontrea.com) is a real estate financial services provider with $60 billion of invested capital under management. With 220 employees in Amsterdam, London, Atlanta, New York and Los Angeles, the company provides debt and equity investment management services for real estate lenders and investors. Core services include asset management (primary, construction and special), asset servicing, bond finance services, underwriting and due diligence consulting. Trimont is rated as a Primary Servicer, Construction Servicer and Special Servicer by Fitch, Kroll and Standard & Poor’s.