Alpine Capital Bank Provides Creative, Time-Sensitive Residential Mortgage Financing

NEW YORK, May 28 /PRNewswire/ -- Alpine Capital Bank, a private commercial bank specializing in banking for high net worth individuals, provided financing for a Long Island family which needed to close a home loan within two weeks.

"When I was first presented with the opportunity," explains David M. Aboodi, President and CEO of Alpine Capital Bank, "I knew that we could help! First, I was able to personally sit down with the borrowers the very next day, thereby enabling us to immediately understand the borrowers, their property and their situation. This is the way that we do business. We are committed to building long-term relationships with our clients. The way to do this is to meet with borrowers, learn about each situation and evaluate each loan on its own merit."

"I am proud to say that our business has grown tremendously on word-of-mouth referrals from our satisfied clients. This particular loan came through a mortgage broker with whom we work frequently. He knows that he can bring loans to us that may not fit a traditional model. This was a good loan, but needed to be done in a hurry. The broker understands that he can count on us to be both efficient and diligent for all of his client's transactions," says Mr. Aboodi.

Alpine Capital Bank is a New York State chartered, FDIC-insured commercial bank offering special deposit and lending relationships. Alpine offers competitive interest rates on a variety of deposit accounts, including NOW accounts, money market accounts and time deposit accounts. The Bank emphasizes creative, time-sensitive lending solutions which create the opportunity for additional flexibility to high net worth individuals in managing their wealth. Alpine Capital Bank is an Equal Housing Lender.

Source: Alpine Capital Bank

CONTACT: April Rudin of Alpine Capital Bank, +1-212-328-2555,
arudin@Alpinecapitalbank.com

Web site: http://www.alpinecapitalbank.com/

2008-05-28 11:49:28 0371892 PRNEWSWIRE