Barrett Capital offers financing and banking services throughout the United States, as the representative of Mutual of Omaha Bank, a $4 billion Arizona bank and subsidiary of the Mutual of Omaha Insurance Co., through its Community Association Banc ("CAB") Division.
Barrett specializes in servicing management organizations, property managers and all types of common interest communities including cooperatives, condominiums, townhouses, homeowner associations and timeshares. Barrett offers a wide range of commercial and residential financing options including difficult-to-finance projects representing other banks providing different types of financing. Also, with Barrett you have access to licensed mortgage bankers providing exclusive loan programs for buyers of non FHA certified condos and co-op units and foreign nationals.
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CONDO / CO-OPS
Loans and Lines of Credit:
- Underlying Mortgages
- Junior and Second Lien Mortgages
- Lines of Credit
- Construction Loans
- Term Loans
Projects:
- Capital Maintenance Projects
- Renovations
- Equipment and Real Estate Purchases
- Condominium Conversions
- Construction Defect Litigation
- Insurance Premium Financing
- Land Lease buyouts
Services:
- Strategic Planning
- Financial Advisory
Full FDIC Coverage Up To $50 Million
- You obtain FULL DEPOSIT PROTECTION through CAB, a member of the Certificate of Deposit Account Registry Service Program (“CDARS”).
Lender Questionnaires
- Offload the time consuming process of responding to Lender Questionnaires and improve your profitability. On line response through CondoCerts.
Resale Questionnaires
- Offload the time consuming process of responding to Resale Questionnaires and improve your profitability. On line response through CondoCerts.
Governing Documents
- Offload the time consuming process of responding to requests for governing documents and improve your profitability. On line response through CondoCerts.
Document Management
- CondoCerts’s secure intranet site also can handle other documents such as House Rules and Renovation Requirements. CAB will handle the uploading of these documents, freeing your employees’ time and increasing response time to shareholders. Condocerts Serves More Than 500 Community Management Companies Nationwide.
Interest Bearing Checking Accounts
- CAB offers interest bearing checking accounts, Money Market accounts, Super Now accounts and certificates of deposit. All accounts earn interest.
Remote Deposit Capability
- Place a check scanner in your office for ease of deposits and quicker access to you funds.
Online Banking
- Sweep accounts and lockbox services keep your money working for you every day and can improve your accounts receivables and remittance processing.
Common Charges/Maintenance Payments Paid Online
- On line payment of maintenance, common charges, assessments and rent by debit or credit card. Manage your accounts at your convenience; from anywhere you have internet access.
Information Access & Reporting
- Export data to most available accounting programs. Internet based computer software system offers a comprehensive array of balance and transaction reports.
Risk Management
- Reduce risk and mitigate fraud with a powerful array of check management tools.
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