|
COMMERCE BUSINESS DAILY ISSUE OF MARCH 14,1995 PSA#1302Resolution Trust Corporation, Office of Contracts, 900 17th Street
N.W., Suite 424, Washington, DC 20006 R -- SPECIAL SERVICES FOR RTC MBS1995-C1 SOL 700-95-0005 DUE 032895
POC Contact Point, Booker Weaver, (202)416-4759 The Resolution Trust
Corporation is seeking qualified contractors to provide Special
Servicing for Commercial Mortgage Loans. A pool of performing
commercial and multifamily mortgage loans (the ''Mortgage Loans'') from
multiple conservatorships and receiverships will be securitized into
commercial mortgage pass-through certificates (the ''Certificates'')
and lead-managed by an underwriter. The RTC Commercial Mortgage
Pass-Through Certificates, Series 1995-C1 transaction (the ''Series
1995-C1'') will be issued publicly in the U.S. either through a
discrete (non-shelf) registration statement or off a shelf registration
to be filed with the Securities and Exchange Commission. Series 1995-C1
is expected to close in June, 1995. It is expected that one or more
classes of Series 1995-C1 will be rated ''AA'' or its equivalent by one
or more of the rating agencies. A reserve fund will likely support the
senior Certificates and one or more classes of subordinate
Certificates. It is expected that the subordinate classes will be rated
at least ''B'' or its equivalent and some or all of the subordinate
classes may be sold in a separate offering. Because the Certificates
will be rated by one or more credit rating agencies, the Special
Servicer must be approved by the rating agencies. In order to maximize
collections (including recoveries) on the Mortgage Loans, the RTC has
decided to divide the servicing responsibilities between a Master
Servicer and a Special Servicer. The Master Servicer's duties will
include, but not be limited to, collecting loan payments and related
recoveries, remitting proceeds to a trustee, maintaining hazard and
flood insurance, reporting, accounting, record keeping, and maintaining
escrow accounts for taxes and insurance. The Special Servicer will
assume certain servicing and all asset management responsibilities from
the Master Servicer for all loans more than 60 days delinquent, for
certain other defaulted or imminently defaulting loans, and for certain
matured but otherwise performing balloon loans. The Special Servicer
will also be responsible, either directly or through subcontractors,
for managing and disposing of any REO properties owned by the trust
fund. It is the intent of the RTC to establish a solicitation mailing
list after reviewing and evaluating the preliminary requirements
indicated in this advertisement. Responses to this advertisement shall
be in the form of a corporate resume as outlined below. The RTC will
distribute a Solicitation Of Services (SOS) to all firms deemed
responsive to this advertisement, inviting them to submit a proposal
for evaluation. RTC expects all offerors to utilize Minority and Women
Owned Businesses (MWOBs) to the maximum extent possible. Qualified
Women and Minority firms that would like to become certified for future
solicitation of Services should contact the Certifications Department
at 1-800-842-2970, Ext. 7436. After evaluating proposals it receives in
response to this solicitation, RTC anticipates awarding a contract to
the responsible offeror who is regulatorily qualified and financially
responsible, and whose offer conforming to the solicitation will be
most advantageous and offer the best value to the RTC. To be deemed
responsive to this advertisement, your corporate resume must (1) be on
official company letterhead; (2) be no more than one (1) page; (3) be
signed by an officer of the firm; (4) reference the date of this
advertisement and SOS 0700-95-0005; (5) include your firm's tax ID
number; (6) identify whether your firm is a small, minority, or
women-owned business; (7) certify that your firm has the capacity and
experience as well as the financial strength, fiscal soundness and
stability to perform the services described above. All responses must
be received no later than 1:00 P.M., Eastern Standard Time on March 28,
1995. Firms not responding by the designated deadline or as directed by
this announcement shall not be included on the solicitation list.
Facsimile responses will not be accepted. THE RTC IS NOT SUBJECT TO THE
FEDERAL ACQUISITION REGULATIONS (FAR). (0069) Loren Data Corp. http://www.ld.com (SYN# 0056 19950313\R-0003.SOL)
R - Professional, Administrative and Management Support Services Index Page
|
|