CBA Touts Capital Infusion

CBA Commercial, Stamford, Conn., has received $25 million from TH Lee Putnam Ventures, a private equity firm, that CBAC says it intends to use to purchase, warehouse, and securitize small-balance commercial mortgage and multifamily loans.The loans will be in the $100,000 to $3 million range, CBAC said. The company has developed loan programs in association with New Century Financial Corp. and has already begun purchasing and securitizing loans originated by New Century, CBAC said. "CBAC addresses a market need that has long been underserved by other originators and securitizers due to the market's fragmented nature and lack of standardization," said William K. Komperda, chairman and chief executive officer of CBAC. "Our entry will make it possible for mortgage originators to expand their universe of prospects with additional product offerings and provide a new asset class for Wall Street."