Park Bridge Financial named Operating Advisor to the COMM 2013–CCRE10 CMBS securitization

NEW YORK - Dec. 2, 2013 - PRLog -- Park Bridge Lender Services LLC, a wholly-owned subsidiary of Park Bridge Financial LLC, a New York- based commercial real estate advisory firm, has been named Operating Advisor for the COMM 2013–CCRE10 Commercial Mortgage Trust, a $1.01 billion fixed-rate Commercial Mortgage-Backed Securities transaction. The securitization was led by Deutsche Bank Securities and Cantor Fitzgerald & Co. and includes 59 loans secured by 87 properties including a $100 million loan secured by a first lien on 624 South Grand Avenue, a 663,035 square foot, multi-use property in Los Angeles, CA.

“Park Bridge’s role as Operating Advisor is governed by the trust documents,” said David Rodgers, one of Park Bridge’s principals. “Under certain circumstances the transaction’s special servicer is required to consult with us on major decisions regarding loans in the trust.” Rodgers added, “We also provide reporting and oversight functions that help ensure special servicing decisions are made for the benefit of all certificateholders in the trust.” With the addition of this securitization, Park Bridge Lender Services is the named Operating Advisor on 20 CMBS Trusts totaling $22 billion.

Park Bridge Financial LLC is a commercial real estate advisory firm, which provides commercial mortgage and equity brokerage services, contract underwriting, restructuring advisory services and asset management services to both lenders and borrowers. Park Bridge has completed advisory and brokerage assignments on over $85 billion of commercial real estate debt since its founding in 2009. The Park Bridge principals bring together complementary disciplines and over 100 years of combined institutional commercial real estate experience. The firm has offices in Ft. Lauderdale, Florida and at 560 Lexington Avenue, New York, NY. For more information, visit www.parkbridgefinancial.com.