Financial Services Industry
Industry: Email Alert RSS FeedAmresco-EQ Agreement Grows
Commercial Mortgage Alert, October, 1995
Amresco Inc.'s deal to buy master-and special-servicing contracts from EQ Services Inc. has gotten bigger since the agreement was announced in July.
The transaction, which was expected to close last Friday, has grown to 30 contracts involving $6.2 billion of outstanding mortgages, up from 22 contracts. In addition, Dallas-based Amresco will inherit the servicing assignment for Nomura Securities International Inc.'s $967.2 million mega-deal (1995-MD4).
The increase in business reflects recent inroads EQ Services has made in winning servicing business. Since the acquisition was announced, EQ won a $454.7 million Lehman Brothers Inc. offering, a $161.5 million deal by the Oregon Public Employees Retirement Fund and the mega-deal, which is slated to close this...
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