Amalgamated Bank's Real Estate Finance Division Supports Affordable Housing Initiatives in Los Angeles County
Pasadena, California (April 9, 2010) - Amalgamated Bank's Real Estate Finance Division recently renewed its long term commitment to supporting affordable housing initiatives in Los Angeles County.
The Division's experienced lending officers provide structured financing to a range of commercial real estate projects in Southern California and markets throughout the Southwest. Financing is available for construction of new facilities and rehabilitation of existing projects as well as acquisition and refinancing of existing real estate assets. The development and preservation of affordable housing is one key focus of Amalgamated Bank's important initiatives in the Los Angeles County market.
Amalgamated Bank's competitive real estate lending products also include secured lines of credit and first lien senior debt for financing affordable housing and capital improvement loans. Amalgamated's First Vice President and Business Development Officer Brian Sagert said, "We offer a variety of term loan products and borrowers have the options for fixed or floating rates."
About Amalgamated Bank: Amalgamated Bank was established in 1923 by the Amalgamated Clothing Workers of America. The Bank continues the progressive traditions of its founders as the only union-owned bank in the United States. Amalgamated Bank is a FDIC insured commercial bank with $4.5 billion in assets. Visit the website at
www.amalgamatedbank.com
