C-III Asset Management LLC records ABOVE AVERAGE rankings in the category commercial primary and multifamily housing revenue bond servicer from Standard & Poor’s Ratings Services.  In addition, it was ranked STRONG as a commercial mortgage special servicer. According to the rating service, these rankings are stable and will not be subject to change in the near future.

C-III Asset Management LLC received its name on March 5, 2010, when C-III Capital Partners LLC, an affiliate of Island Capital Group, which was founded in 2003 by Andrew Farkas, acquired Centerline Servicing Inc. – the former name of the limited liability corporation. A consequence of the transaction was a split of Centerline in two entities. C-III examines the revenue bonds associated with the LIHTC portfolio, provides servicing, asset management and fund management for ARCap’s historical business line. Centerline Holding Co. works under CharterMac historical business lines by creating low-income housing tax credits (LIHTC) and offering agency lending. Read More…