Seneca to Acquire AMS Servicing LLC

Sep 13, 2013

Seneca Mortgage Investments LP, a newly formed joint venture of Arbor Commercial Mortgage LLC; affiliates of GSO Capital Partners LP and EJF Capital LLC, is set to acquire AMS Servicing LLC, a national specialty servicer for residential and small balance commercial mortgages. Pending regulatory approval, Arbor Commercial Mortgage will sell AMS Servicing to Seneca Mortgage Investments. The transaction is expected to close within the next several months. Seneca Mortgage Investments will invest in residential mortgage servicing rights (MSRs), targeting opportunities arising from the comprehensive changes across the residential mortgage business. As a well-capitalized, non-bank, non-originator with an experienced servicing platform, Seneca Mortgage Investments aims to better serve the residential mortgage marketplace with customized mortgage servicing solutions. Seneca Mortgage Investments and its subsidiaries will be externally managed by Seneca Mortgage Management, LLC, with offices in New York City and Depew, NY.

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Sep 13, 2013

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