LOAN ORIGINATION
The Alison Company has been engaged in comprehensive commercial real estate mortgage banking services since 1934. Over the past ten years, the Mortgage Banking division has produced in excess of $4 billion in commercial real estate mortgage loans. The size of loans generally varies between a maximum of approximately $50 million to a minimum of approximately $500,000. The average loan size over the last ten years was approximately $4 million.
Today the Company produces permanent loans, construction loans, bridge loans, structured financing, and other sophisticated types of financing vehicles. The production staff services the client's needs and provides product to match the borrower’s requirements. The Alison Company has a very high performance ratio, as measured by deals closed versus applications in process. The percentage is generally above 95% and in some years has approached 100%.
Properties include all types of income-producing real estate, including: office buildings, retail shopping centers, industrial parks and distribution facilities, apartment buildings, self-storage facilities, hotels, boat marinas, etc. The staff has the experience, education, and flexibility to analyze all types of real estate in a professional and proven manner. The Company's reputation is built upon performance and service and a majority of the transactions are with repeat lenders and borrowers.
Today the Company produces permanent loans, construction loans, bridge loans, structured financing, and other sophisticated types of financing vehicles. The production staff services the client's needs and provides product to match the borrower’s requirements. The Alison Company has a very high performance ratio, as measured by deals closed versus applications in process. The percentage is generally above 95% and in some years has approached 100%.
Properties include all types of income-producing real estate, including: office buildings, retail shopping centers, industrial parks and distribution facilities, apartment buildings, self-storage facilities, hotels, boat marinas, etc. The staff has the experience, education, and flexibility to analyze all types of real estate in a professional and proven manner. The Company's reputation is built upon performance and service and a majority of the transactions are with repeat lenders and borrowers.
LOAN CLOSING
The Alison Company Closing Department was established in order to provide assistance and service to lenders and borrowers represented by The Alison Company. The Closing Department coordinates with the respective parties for the timely completion of all requirements of the transaction. Closing requirements are reviewed with all parties upon execution of the loan commitment and the responsible party for completing each requirement is determined.
These requirements normally include:
These requirements normally include:
- Title Insurance
- Survey
- Tenant Documents
- Third Party Reports
- Borrowing Entity & Loan Documents
- Title & Escrow Coordination
LOAN SERVICING
Currently, The Alison Company servicing portfolio consists of over 500 loans, with a dozen servicing lenders, totaling approximately $1.2 billion. Generally, when acting as a servicing correspondent, The Alison Company services each loan according to the terms of the lender’s Servicing Agreement and the Note and Deed of Trust. Specifically, our duties involve a multitude of functions including but not limited to: Payments, Accounting, Impounds, Annual Inspection Reports, End of Year Statements, Payoff Procedures, and Insurance Policies. Our servicing team also handles most “Loan Events” including Assumptions, Transfers, Defaults, and Foreclosures.
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