Greater Commercial Lending launches GCLXchange
Industry leading technology provides 24/7 investor access to purchasing participation loans
RENO, NV (December 16, 2019) — Typically, financial partners pursuing participation in commercial loans must request information on current opportunities, submit forms for further details and then complete a commitment letter to participate in a particular loan. The process often involves multiple phone calls and emails. Today, Greater Commercial Lending (GCL), a wholly owned subsidiary of Greater Nevada Credit Union (GNCU), has streamlined that process through a one-stop online and mobile channel: GreaterLendingXchange (GCLXchange).
Vice President of Operations at Greater Commercial Lending Jenny Casselman said: “We value our partners, including their time. The GCLXchange offers something not commonly found at many commercial lenders and truly reflects our passion of helping more people live greater.”
The GCLXchange free online portal enables investors to easily register and gain highly secure, 24/7 access to quickly review current participation loan opportunities, and even do a custom sort and search based on loan participation interest. Submitting a letter of intent for additional loan participation details, as well as commitment letter for participation is also all completed through the online portal.
Casselman added that all loans listed in the GCLXchange have been reviewed to assure comprehensive financial packages, sound underwriting methodologies, and lead lenders who have exhibited the necessary infrastructure to monitor the facilities.
GCL has an established reputation for managing commercial loan programs with a lending leadership team offering more than 75 years of combined commercial transaction experience. Services include underwriting, reviewing, and monitoring the loans provided through the participation portal, and risk monitoring through the additional steps of review and commentary.
About Greater Commercial Lending
Greater Commercial Lending (GCL) builds long-lasting business partnerships that help communities thrive. GCL provides commercial lending services to diverse entities across the U.S. GCL is a credit union service organization (CUSO) established in 2017 operating as a wholly-owned subsidiary of Greater Nevada Credit Union (GNCU), based in Carson City, Nev. The USDA identified GCL as the number one Business and Industry lender in 2020. GCL is consistently ranked among the top producers for both USDA and SBA guaranteed loan programs. For more information, call (833) 519-9474 or visit greatercommerciallending.com.