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CyberLoan R/E Surpasses $1 Bil Mark in September Report

DENVER-Electronic applications for commercial real estate loans have taken an eight-month-old company past the $1.4 billion mark for its September transactions. It is the second time since the firm was formed that transactions have surpassed $1 billion for the month.

By John Rebchook | Updated on October 19, 2000

DENVER-Electronic applications for commercial real estate loans have taken an eight-month-old company past the $1.4 billion mark for its September transactions.

CyberLoan R/E, used by many of the nation’s 400 largest lending institutions, says it is the second time since it was formed that transactions have exceeded $1 billion for the month. The firm provides B2B e-finance via online lending exchanges. Borrowers electronically complete a detailed loan application for acquisitions or new commercial developments and are then matched to underwriting criteria of lenders nationwide.

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