Loren Data Corp.

'

 
 

COMMERCE BUSINESS DAILY ISSUE OF MARCH 14,1995 PSA#1302

Resolution 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