| Fremont Bank Offers Lending Solutions for Multifamily Properties
FREMONT, California - April 7, 2011 - Fremont Bank, a leading
full-service mortgage lender in California, recently announced that
through its Fannie Mae multifamily lending program it has provided
$48 million in financing to the multifamily housing market in 2010,
and $83 million program-to-date. The bank’s multifamily lending
program offers borrowers an easier way to take advantage of the
highly competitive rates and the security of a fixed payment each
month.
Fremont Bank is one of only 30 Fannie Mae Small Loan Lenders nationally
that specialize in this Small Loan Program. As a lender, Fremont
Bank has delegated authority from Fannie Mae to underwrite, close
and deliver multifamily loans up to $3 million (and up to $5 million
in certain areas) for the purchase or refinance of multifamily properties
of five residential units or more.
Over the last 29 years, Fremont Bank has continued to increase
its multifamily lending for borrowers in California, Arizona, Nevada
and Oregon, and now features a simple pre-qualification process
for multifamily properties.
“Through our partnership with Fannie Mae, Fremont Bank has
strategically grown its multifamily lending options. Our team is
now able to provide our clients with fast, local decisions, highly
competitive rates, flexible no-point and cash-out options,”
says Melissa Sanguinetti, Fremont Bank’s multifamily lending
manager and chief underwriter. “We are confident that we will
grow in our partnership with Fannie Mae and continue to offer more
opportunities for local multifamily borrowers.”
About Fremont Bank
Fremont Bank (www.fremontbank.com)
is the leading full-service community bank in Northern California.
Founded in 1964, Fremont Bank is one of the oldest independent family
owned and managed banks in the region and focuses on personalized
service for individuals and businesses. It serves communities through
19 branches and seven additional ATMs throughout the Greater Bay
Area. Exceptional client service is the cornerstone of Fremont Bank’s
business. Accommodation of customer needs in a friendly, personal
atmosphere characterizes the Bank’s culture. |
