Mortgage Banker Launches Commercial Mortgage Servicing Company

By Erika Schnitzer, Associate EditorDallas—Don Kalescky (pictured) has announced the launching of Peloton Asset and Loan Services LLC, a commercial real estate loan services company. The company, which  is self-funded and services loans of all collateral types, specializes in loan administration, asset management and credit underwriting, and will provide support for special projects and management consulting.…

By Erika Schnitzer, Associate EditorDallas—Don Kalescky (pictured) has announced the launching of Peloton Asset and Loan Services LLC, a commercial real estate loan services company. The company, which  is self-funded and services loans of all collateral types, specializes in loan administration, asset management and credit underwriting, and will provide support for special projects and management consulting. Kalescky, certified mortgage banker (CMB),  has 35 years of experience in loan servicing, financial, administrative and lending operations. He has held executive-level positions at MGC Mortgage Inc., KeyBank Real Estate Capital, ORIX Real Estate Capital, Fiserv, FT Mortgage Companies, HomeFed Bank and Great American Bank. According to Kalescky,  Peloton’s market includes “small- to mid-size lending institutions and debt acquisition groups for full loan administration services, as well as larger servicers and lending institutions for functional outsourcing, special projects and consulting.” The company provides loan servicing—closing through payoff—asset management services, expertise in credit underwriting, negotiation and analysis of requests for loan modifications. In addition, Peloton Asset and Loan Services provide management consulting, as well as operating reviews, project management, documentation and planning support, Kalescky explains.The company also assists clients with special projects including loan due diligence, portfolio valuation, loan asset reviews, CMBS waterfall analysis, and trailing documentation.“The capital and liquidity need in the marketplace, I think, is going to be filled in part by investment groups bringing capital to the marketplace. They don’t have this expertise or desire to do the loan administration work and will need a group to handle that for them,” Kalescky tells MHN. “A lot of the large servicers and banks are having constraints on their staff. This is an opportunity for special projects or some functionality outside their institutions.”