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Allied Mortgage & Financial Corporation Obtains an $8 Million Line of Credit From City National Bank of Florida

HOLLYWOOD, FL (April 16, 2002) -- Allied Mortgage & Financial Corporation has received an $8 million line of credit from City National Bank of Florida, Allied Chief Operating Officer Anthony Chao announced today.

"We are very pleased to be doing business with City National Bank and are looking forward to a profitable long-term relationship," said Chao. "This additional line of credit will provide Allied Mortgage with the resources needed to better serve our customer base, while satisfying an increased product demand from the market place."


MortgageDaily.com
Source:
Allied Mortgage & Financial Corporation

About Allied Mortgage & Financial Corporation:
Established in 1976, Allied Mortgage is a Florida based, privately held mortgage lender. Allied Mortgage, an equity driven, niche lender, fills the gap between more traditional sub-prime and that of hard equity lenders. Allied prides itself on its service levels, as well as its ability to analyze the properties' equity and the composite of applicant characteristics required to make sound credit decisions. In addition to the more traditional residential mortgages, Allied provides financing for commercial properties and investor properties.
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