Elsewhere in franchise, BNY Asset Solutions, a subsidiary of the Bank of New York, continues its drive into the sector as a franchise loan servicer, most recently taking on the role of master servicer for Peachtree Franchise Loan 1999-A, a $135 million portfolio originated and securitized by Peachtree Franchise Finance.

In August, BNY was named servicer on the performing loans of two Franchise Mortgage Acceptance Co. deals wrapped by MBIA. Altogether, the company is currently servicing approximately 14,000 franchise loans worth about $1.2 billion.

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