Community Bank of the Bay, Oakland, Calif., has launched a new commercial real estate lending program and appointed Thomas Mitchell to head it up.Mr. Mitchell was most recently a vice president of commercial real estate finance with KeyBank Real Estate Capital in Walnut Creek, Calif., Community Bank said, and has over 20 years of experience in the commercial real estate market. The program will offer "a comprehensive and competitive choice of permanent, bridge and construction financing for commercial, industrial and multifamily residential properties," Mr. Mitchell said. He added that Community Bank's ability to place loans in the secondary market allows it to offer "a variety of rates and terms to accommodate almost any kind of borrower." The bank can be found online at http://www.communitybankbay.com.
-
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
6h ago -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
7h ago -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
8h ago -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
9h ago -
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
11h ago -
March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
April 21










