Connecticut Portal #LOS-1

Loan Servicing and Asset Management Services for CMDA Loan Portfolio

This opportunity is for firms to provide loan servicing and asset management services for the Connecticut Municipal Development Authority (CMDA), supporting economic and transit-oriented development projects in Connecticut. - Government Buyer: - Connecticut Municipal Development Authority (CMDA), a quasi-public entity focused on economic and transit-oriented development - Products/Services Requested: - Comprehensive loan servicing and asset management for CMDA's loan portfolio - Includes servicing loans, maintaining borrower relations, monitoring construction draw requests, and preparing reports - Portfolio Details: - $90 million authorization through FY27 - Portfolio supports transit-oriented and downtown infill development projects within Connecticut member municipalities - Unique/Notable Requirements: - Vendor must manage all aspects of loan servicing and asset management, including construction draw monitoring and detailed reporting - No specific OEMs or technology platforms are mandated; open to all qualified vendors - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Eligibility: - Open to all qualified firms with relevant experience in financial and asset management services

Description

The Connecticut Municipal Development Authority (CMDA) is seeking proposals from qualified firms to provide loan servicing and asset management for its loan portfolio. The scope includes servicing loans, maintaining borrower relations, monitoring construction draw requests, and preparing reports. CMDA has a $90 million authorization through FY27 to allocate to transit-oriented and downtown infill development projects within member municipalities. The solicitation is open to all vendors and responses are due by February 28, 2023.

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