SOURCE: MoneyLine Lending Services

June 13, 2005 09:00 ET

MoneyLine Lending Services Launches New Commercial Lending Division

IRVINE, CA -- (MARKET WIRE) -- June 13, 2005 --

--  MoneyLine expands its portfolio of customized, outsourced solutions
    for financial institutions by introducing commercial lending products and
    services, which are designed to augment rather than compete with a
    financial institution's current offering
--  New commercial lending services from MoneyLine give financial
    institutions a risk-free alternative funding source to keep customers in-
    house
    
MoneyLine Lending Services, which specializes in providing financial institutions with customized, outsourced services designed to build customer relationships, is pleased to announce that it has expanded its services with the launch of MoneyLine Commercial Lending, a division specializing in "out-of-the-box" commercial lending services. The new division offers three categories of commercial loan products -- permanent commercial real estate loans, specialized loans and leases, and asset-based loans.

"MoneyLine understands that maintaining high credit quality standards and reasonable liquidity, as well as personnel and financial resources, tends to significantly limit the types of loans a financial institution can offer customers," said Steve Wollman, Vice President, Business Development, MoneyLine Lending Services. "With that in mind, we developed MoneyLine Commercial Lending as a single source for commercial lending arrangements to allow financial institutions to meet customers' needs without compromising their lending and asset/liability policies."

MoneyLine's commercial lending services are designed to augment rather than compete with a financial institution's current commercial lending program. Commercial loans that would normally be declined or referred elsewhere because they fall outside of a financial institution's lending guidelines or product offering, can now be processed and closed through a trusted source. MoneyLine's services allow the institutions to retain existing customers, attract new customers and earn additional fee income.

MoneyLine's new commercial products and services are added to its private-label, outsourced residential mortgage origination and fulfillment services, which it has specialized in since 1999 and which are being utilized by more than forty financial institutions throughout the United States.

MoneyLine advises customers on the wide range of capital structures available in the market to ensure customers receive the most favorable financing to meet their needs. By identifying each customer's goals and requirements, MoneyLine matches the customer with the most appropriate loan program(s) in the marketplace. MoneyLine offers the following loan types:

Permanent Commercial Real Estate Loans

MoneyLine finances a wide range of commercial real estate loans of $100,000 or more for most types of income producing properties with permanent, fixed-rate loan and equity/bridge programs. Commercial real estate loan products include permanent mortgages, construction loans, structured financing, bridge/interim financing, equity investments, mezzanine debt, and small balance loans on multi-family, commercial and industrial, retail centers and limited purpose properties.

Specialized Loans and Leases

MoneyLine provides specialized loans/leases in the amount of $50,000 or more on a nationwide basis to manufacturers, distributors and service companies. MoneyLine arranges financing for the following specialized loan/lease types: machinery and equipment guidance lines, machinery and equipment leases and loans, fleet leasing and guidance lines, truck financing, and medical/dental/hospital healthcare equipment financing.

Asset-based Loans

MoneyLine arranges asset-based lines of credit and factoring in the amount of $50,000 or more on a nationwide basis to manufacturers, distributors and service companies. MoneyLine arranges financing for the following types of asset-based loan types: accounts receivable lines of credit, factoring, inventory lines in conjunction with accounts receivable finances, permanent working capital term loans, import/export financing including letters of credit, and equipment loans.

About MoneyLine Lending Services

MoneyLine Lending Services (www.moneylinelending.com) specializes in providing financial institutions with customized, outsourced solutions designed to help build customer relationships. MoneyLine offers private-label mortgage origination and fulfillment services that enable financial institutions to profitably offer a competitive, full-service mortgage program without the significant infrastructure costs associated with mortgage operations. Multiple origination channels and real-time tracking tools enhance the client experience. MoneyLine also offers commercial lending services to help financial institutions retain and attract new customers by enabling them to offer permanent commercial real estate loans, specialized loans and leases, and asset-based loans without compromising lending and asset/liability policies.

For more information, visit www.moneylinelending.com or call 800-837-8570.

Contact Information

  • Contact:
    Evan Gentry
    President and CEO
    MoneyLine Lending Services
    800-837-8570
    Email Contact