SOURCE: Association Financial Services

Association Financial Services

March 09, 2010 08:30 ET

Association Financial Services Appoints Craig S. Lane Head of Sales for Florida's I-4 Corridor

Community Association Accounts Receivable and Lending Specialist Accelerates Marketing Momentum in Mid-Florida Region

MIAMI, FL--(Marketwire - March 9, 2010) -  Association Financial Services (AFS), a leading provider of financial services and lending solutions for Florida condominium and homeowner associations, today announced that it has appointed Craig S. Lane as head of sales for the Mid-Florida region. Mr. Lane, who will be based in Tampa, brings an extensive background in banking and mortgage finance to AFS and will be responsible for accelerating the company's marketing momentum across the I-4 corridor from St. Petersburg to Daytona Beach.

AFS works closely with scores of Florida homeowner and condominium communities to improve and maintain their association financial condition. AFS's range of services includes specialty loans, accounts receivable servicing, loan work-outs, loan modification and financial consulting. The company recently introduced FACS - Funding and Collections Service™, a new service that enables communities to transfer administration of past-due maintenance fees to AFS and receive immediate payment, instead of waiting for homeowners or banks to pay. 

"We're pleased to welcome Craig Lane to our growing state-wide team of community association financial specialists," said Ken Arnold, CEO and co-founder, AFS. "Craig's banking experience and understanding of community association financial management issues will be major assets as he works closely with Condo and HOA communities struggling with the effects of the bleak real estate market and the depressed economy."

Mr. Lane received an MBA/Finance from the University of South Florida and has held positions in commercial banking, investment banking and mortgage finance. Previously he served as Florida State Director for Trump Mortgage, responsible for loan operations and marketing. He also served as Director for Tampa-based Acquisitions Capital, which specialized in facilitating residential and commercial real estate loans to foreign nationals.

"Association Financial Service has an outstanding reputation for its products, service and integrity," said Mr. Lane. "I am excited about joining the company and look forward to contributing to its next stage of growth."

Since its founding in 2006, the oldest and largest company of its kind in Florida, AFS has assisted condominium and homeowners associations throughout Florida. Association Financial Services offers associations in all types of financial conditions a variety of services based on needs, including loans to associations with high delinquency rates, capital improvement loans, interest free loans, attorney cost deposit advances, other specialty loans, accounts receivable servicing & collections, loan work-outs, loan modification, and more.

For more information on AFS services, visit www.AssociationFinancial.com or call 305-677-0022.

About Association Financial Services
Association Financial Services, L.C. (AFS), formed in 2006 by principals with extensive financial experience in both public and private, equity and debt markets, specializes in providing specialty lending and financial services to condominium and homeowner associations throughout Florida. The Miami-based company is financed through institutional investors and private entities, and is currently budgeted to provide over $100 million in capital to community associations. AFS's suite of solutions includes: loans to associations with high delinquency rates, capital improvement loans, 40 year recertification loans, interest free loans, FACS - Funding and Collections Services, foreclosure cost deposit funding, other specialty loans, accounts receivable servicing, loan work-outs, loan modification, financial consulting, and more. For more information, visit: www.AssociationFinancial.com or call 305-677-0022. 

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