Silver Hill Financial(R) Announces Strategic Alliance With Netbank(R) for Small-Balance Commercial Loans
11 5월 2006 - 10:30PM
PR Newswire (US)
Web-based Leader NetBank Serves Small Business Customers Via Silver
Hill's Program MIAMI, May 11 /PRNewswire/ -- Silver Hill Financial,
LLC ( http://www.silverhillfinancial.com/ ), a leading national
real estate lender specializing in small-balance commercial loans,
today announces its strategic alliance with NetBank(R), a leading
Internet bank founded in 1996. Through the alliance, NetBank (
http://www.netbank.com/ ) will offer commercial loans to its
growing number of small business customers in all 50 states. "We
welcome NetBank as our newest alliance partner, and are pleased to
provide them with a streamlined commercial lending program to serve
their small business clients," said Jerry Feinstein, Senior
Director Correspondent Lending for Silver Hill Financial(R). "Like
Silver Hill, NetBank is an innovator in its industry, and they
recognize the value of offering more to customers without having to
worry about training, hiring or scalability. Our strategic alliance
will allow them to expand their product line and enhance their
brand while we handle all the details of commercial transactions
for NetBank's small business customers." A strategic alliance with
Silver Hill Financial enables lenders and financial institutions of
all sizes to become instant commercial lenders through a customized
approach where Silver Hill(R) completes the transaction and handles
all back-office functions. Customers are able to harness the
lender's "Commercial Lending Easy As Residential" advantage - a
residential- style approach to commercial lending first introduced
to the market by Silver Hill in 2003. Through the alliance with
Silver Hill, NetBank customers can apply for small-balance
commercial real estate loans via their NetBank Relationship
Manager. Transactions are then handled directly by a Silver Hill
account manager assigned to NetBank's small business clients. "We
strive to offer our customers the types of products and services
that help them succeed, and many small business owners are
interested in commercial real estate for their business, or as an
investment," said Bert Davis, Director of Small Business Banking
for NetBank. "We selected Silver Hill's program because it enables
us to provide customers with easy access to commercial loans."
Davis notes that small business banking is one of NetBank's
fastest-growing services. For more information on Silver Hill's
Correspondent Program, call 877.893.5278 or email . About Silver
Hill Financial, LLC Headquartered in Miami with regional offices
throughout the country, Silver Hill Financial(R) is a nationwide
commercial real estate lender that offers financing to borrowers
through a network of mortgage brokers and correspondents. The
company's innovative residential-style program makes commercial
lending easy as residential, using flexible underwriting criteria
ideal for borrowers seeking loans from $100,000 to $1.5 million.
For more information on Silver Hill Financial, please visit
http://www.silverhillfinancial.com/ or call us at 888.988.8843.
About NetBank, Inc. NetBank, Inc. (NASDAQ:NTBK) operates with a
revolutionary business model through a diverse group of
complementary financial services businesses that leverage
technology for more efficient and cost-effective delivery of
services. Its primary areas of operation include personal and small
business banking, retail and wholesale mortgage lending, and
transaction processing. For more information, please visit
http://www.netbankinc.com/ . DATASOURCE: Silver Hill Financial, LLC
CONTACT: Kristin Seigworth, Silver Hill Financial, +1-877-654-4118,
or Web site: http://www.silverhillfinancial.com/
http://www.netbankinc.com/
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