ALEX Featured in the Commercial Observer
Here at ALEX Chatter, we’re dedicated to bringing apartment investors the news, research and insight needed to get deals done. We are, after all, the blog of record for Arbor Loan Express (ALEX) — the first all-agency online origination platform specifically for the multifamily market.
But the launch of ALEX has been making headlines across the industry. One the heels of being named Fannie and Freddie’s top small balance multifamily loan lender, this article in the Commercial Observer does a great job expressing what our new platform can offer borrowers, brokers and correspondent bank lenders.
One of the first customers to test ALEX was Capstone Capital, a Fayetteville, N.C.—based brokerage that has worked with Arbor for about eight years and does up to 20 loans per year with the lender.
“It speeds up the process,” said Keri Alpers, the director of operations at Capstone. “As long as the borrower has done what they’re supposed to do, by the time I’ve finished uploading and close the deal it takes two to three weeks.”
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