Amresco Inc. and LaSalle National Bank have formed an alliance to fund and securitize commercial mortgage loans.
Loans originated by Amresco, of Dallas, will be funded by LaSalle National Bank, Chicago, and securitized by LaSalle's securities affiliate, ABN Amro Inc., the companies said this week.
The companies said this gives them an opportunity to leverage balance sheet capabilities as well as an infrastructure of originators, due diligence officers, closers, and attorneys.
"This new alliance is an outstanding opportunity for LaSalle National Bank to expand its relationship with Amresco and position itself as a primary player" in the commercial mortgage- backed securities industry," said Norm Bobins, president and CEO of LaSalle National.
ABN Amro Inc. and LaSalle are units of ABN Amro Bank NV of the Netherlands.