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CBA Commercial, LLC announced their new «CBAC Authorized Lender» program which will help standardize underwriting and processing for small balance commercial loans originated by their lender partners. CBAC purchases small balance commercial loans in the $100,000 to $3,000,000 range and packages them into Commercial Mortgage Backed Securities (CMBS). By simplifying underwriting and processing, they hope to expand the market as well as their share.

“Although the small balance commercial mortgage loan market has long been one of the most important American business sectors, it has been largely underserved and ignored in the past because it takes significant time and effort to fund each transaction. Now with loan standardization and built-in operating efficiencies, we’ve simplified the loan process and made it profitable for our partners. Our CBAC Authorized Lender Program is designed to provide marketing, underwriting and closing services for small balance multifamily, commercial and mixed-use mortgage loans in the $100,000 to $3,000,000 range,� explained William Komperda, chairman & CEO, CBA Commercial, LLC. “The CBAC Authorized Lender Program has made the mortgage loan process for small balance commercial properties a very attractive service for almost any type of financial institution to offer to its clients.�

(Stamford, CT) ‫ CBA Commercial, LLC, a commercial mortgage finance firm specializing in the purchase and securitization of small balance multifamily, commercial and mixed-use mortgage loans, announced today its plans to launch the “CBAC Authorized Lender Program,� which will target financial institutions and mortgage lenders seeking additional sources of revenue, as well as support services specifically tailored to conducting business in the small balance commercial real estate market. Program details will be announced at the upcoming Mortgage Bankers Association’s 92nd Annual Convention & Expo in Orlando, Florida beginning on October 23, 2005.

“Although the small balance commercial mortgage loan market has long been one of the most important American business sectors, it has been largely underserved and ignored in the past because it takes significant time and effort to fund each transaction. Now with loan standardization and built-in operating efficiencies, we’ve simplified the loan process and made it profitable for our partners. Our CBAC Authorized Lender Program is designed to provide marketing, underwriting and closing services for small balance multifamily, commercial and mixed-use mortgage loans in the $100,000 to $3,000,000 range,� explained William Komperda, chairman & CEO, CBA Commercial, LLC. “The CBAC Authorized Lender Program has made the mortgage loan process for small balance commercial properties a very attractive service for almost any type of financial institution to offer to its clients.�

The program highlights include: loan amounts from $100,000 up to $3,000,000; multifamily, office, retail, light industrial and mixed-use property types; full and stated documentation; average FICO scores of 675; 2, 3, 5, 7, and 10-year ARM products (fixed period ‫ then resets to 6 month LIBOR); 30-year final maturities and 30-year amortization. Financial institutions and mortgage lenders interested in learning more about the CBAC Authorized Lender Program can submit a request for more information via the CBAC Authorized Lender section of the company’s website (www.cbaloans.com) or call the CBAC offices at (877) 688-5658 ext. 483.

“Traditionally, banks and small- to medium-sized mortgage companies were known to service this market, but not on a consistent, thorough basis. In our research, we’re finding that larger, well-capitalized lenders will now have the confidence to write these small balance loans under our new program. By following our standardized, streamlined process, the number of completed loans can be dramatically increased. At the same time, we’ve made it easier for the banks, mortgage brokers and mortgage bankers by offering table funding. Whether buying or funding the loan, the CBAC Authorized Lender Program offers flexibility to the lender. With the table funding option, an originator can reduce risk by limiting the required loan level representations and warranties. This provides an incentive for the originator to seek out more of these heretofore difficult to originate loans,� said Chip Andrews, president and COO, CBA Commercial, LLC.

CBA Commercial, LLC is a specialty commercial mortgage finance firm that acquires and securitizes small balance multifamily, commercial and mixed-use mortgage loans. CBAC draws on the experience and expertise of its founding partners, CBA Receivables, LLC, a residential mortgage securitization firm and Cheslock, Bakker & Associates, LLC, a leading real estate merchant bank. CBAC senior management has been involved for over 30 years in the development, standardization and securitization of various types of specialty mortgages and other innovative financial asset classes. CBAC has created a streamlined process for underwriting and securitizing small balance multifamily, commercial and mixed-use mortgage loans. Its standardized loan documentation, underwriting guidelines, appraisal process, environmental risk mitigation techniques, and compliance and quality control procedures enable CBAC to efficiently evaluate and fund commercial loans ranging in size from $100,000 to $3,000,000. For more information, visit www.cbaloans.com.