Loan Services and Asset Management RFP

The Connecticut Municipal Development Authority (CMDA) is a quasi-public entity that provides financing for economic and transit-oriented development projects throughout Connecticut. CMDA has authorized $60 million through FY26 and $30 million for FY27, with an expectation that most of the $90 million will be allocated by the end of FY27. CMDA is requesting proposals from qualified firms to service and manage its loans. This includes loan servicing, maintaining borrower relations, overseeing construction draw requests, and preparing reports. The contract will be a fixed-fee, with monthly payments, for a term of three years with two one-year possible extensions. The anticipated start date for the work is on or about July 1, 2026.