(PRLEAP.COM) (Stamford, CT) – CBA Commercial, LLC (CBAC), a commercial mortgage finance firm specializing in the purchase and securitization of small balance multifamily, commercial and mixed-use mortgage loans, announced today that it has hired mortgage industry veteran Scott Rielly as vice president, northeast region. Rielly will be responsible for opening the regional CBAC office in Massachusetts, coordinating and leading all sales and marketing efforts, recruiting and training of commercial account managers and identifying strategic alliances with mortgage brokers, banks and other depositories.

Previously, Rielly was the director of branch development for Silver Hill Financial, Miami, FL. Before that he was director of commercial lending for North American Mortgage Company, Danvers, MA. He has authored numerous articles in the New England Real Estate Journal and Banker & Tradesmen magazine and is an active member of the Massachusetts Mortgage Bankers Association and the Massachusetts Mortgage Association.

“I’ve followed Scott’s rising career for many years now as he has gained remarkable insight and experience in the small balance commercial market. We welcome his efforts in the northeast as we build our small balance commercial loan program throughout the country,” said William Komperda, chairman & CEO, CBAC.

In October 2005, CBAC launched the “CBAC Authorized Lender” Program for financial institutions and mortgage lenders seeking additional sources of revenue. The program provides funding and support services specifically tailored to the small balance commercial mortgage market. The CBAC Authorized Lender Program features loan amounts from $100,000 to $3 million; multifamily, office, retail, light industrial and mixed-use property types; full and stated documentation; average FICO scores of 675; 2-, 3-, 5-, 7- and 10-year ARM products (fixed period – then resets to 6-month LIBOR); 30-year final maturities and 30-year amortization. Financial institutions and mortgage lenders interested in learning more about the CBAC Authorized Lender Program can submit a request for more information via the CBAC Authorized Lender section of the company’s Web site (www.cbaloans.com) or call CBAC at (877) 733-1430.

CBA Commercial, LLC is a specialty commercial mortgage finance firm that acquires and securitizes small balance multifamily, commercial and mixed-use mortgage loans. The company draws on the experience and expertise of its founding partners, CBA Receivables, LLC, a residential mortgage securitization firm, and Cheslock, Bakker & Associates, LLC, a leading real estate merchant bank. CBA Commercial senior management has been involved for over 30 years in the development, standardization and securitization of various types of specialty mortgages and other innovative financial asset classes. CBA Commercial has created a streamlined process for underwriting, closing and securitizing small balance multifamily, commercial and mixed-use mortgage loans. Its standardized loan documentation, underwriting guidelines, appraisal process, environmental risk mitigation techniques, and compliance and quality control procedures enable CBAC to efficiently evaluate and fund commercial loans ranging in size from $100,000 to $3 million. For more information, visit www.cbaloans.com.

Source: prleap