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Bayview Financial, L.P. Changes Name of Texas-Based Business Unit to Bayview First Funding, LLC

Wed, 01/03/2007 - 21:41 — keith

MIAMI--(BUSINESS WIRE)--Bayview Financial®, an $11 billion real estate lending and investment finance company, announced Jan. 1 the name change of its Southlake, Tex.-based InterBay Funding, LLC seller finance subsidiary to Bayview First Funding, LLC, effective January 1, 2007. NOTE: The name change does not apply to Bayview Financial’s InterBay Funding®, which originates small commercial loans.

The Bayview First Fundings name change enables the seller finance division to better communicate and leverage its affiliation with parent company, Bayview Financial. The new name also reflects the continuous growth of the company, tripling from a $100M business in 2001 to a $300M business in 2006.

“InterBay Funding, which is focused on the acquisition and servicing of seller financed loans, is changing its name to Bayview First Funding to confirm our continued growth and commitment to our broker audience,” said Bob Repass, former senior vice president, recently promoted to managing director of Bayview First Funding. “Though our name is changing, Bayview First Funding will continue to offer the same exceptional customer service that has defined InterBay Funding as an industry leader.”

Beginning in January, all written materials associated with InterBay Funding will be updated with the Bayview First Funding name. All offices, contact information and personnel will remain the same.

About Bayview First Funding, LLC

The business of Bayview First Funding was established in 2001 to meet the needs of private note holders. The group specializes in acquiring individual loans, as well as pools of seasoned loans, originated by private parties. Since its inception, the company has purchased in excess of 9,000 seasoned commercial and residential real-estate-backed loans totaling more than $550 million. Bayview First Funding is a wholly-owned division of Bayview Financial, L.P., an $11 billion real estate lending and investment finance company. For more information on Bayview First Funding, visit www.BayviewFirst.com

About Bayview Financial, L.P.

Miami-based Bayview Financial®, a real estate lending and investment finance company with more than $11 billion in assets, fulfills the needs of clients in underserved market niches by leveraging a network of thousands of financial institutions to provide clients with a value-added resource for every phase of the real estate loan cycle.

The company’s Loan Acquisitions Division focuses on the purchase of seasoned commercial and residential real-estate-backed loans, acquiring loans both individually and in large and small pools from banks, thrifts, mortgage companies, broker/dealers, insurance companies and credit unions. For more information, visit www.BayviewFinancial.com.

Copyright 2007 Bayview Financial, L.P. All Rights Reserved. This is not an offer to sell, purchase, or solicit securities.
Contacts

Media Contact for Bayview, Miami
Elizabeth Salter, 678-781-7224
or
Rachel Melendez, 678-781-7226

About author

Keith Gregory is the administrator for American Mortgage News. At this stage, most content posted here is in the form of a press release. As such, there is no implied warrently over the contents of an article, or any statement or endorsement of any kind whatsoever.