In Brief: Combined Ala. Firm Stresses Commercial

May 22, 2001, 1:00 a.m. EDT 1 Min Read

BIRMINGHAM, Ala. - Collateral Mortgage Ltd. and Charter American Mortgage Co. of Kansas City, Kan., have merged as Collateral Mortgage Capital LLC.

The Birmingham company provides financing for commercial and multifamily real estate and is "embarking on a long-term strategy to build a strong national platform for our commercial real estate lending," David A. Roberts, its president and chief executive and previously president of Collateral Mortgage Ltd., said in a statement.

Collateral Mortgage Capital would have been 31st in the Mortgage Bankers Association's ranking of the largest commercial mortgage firms at yearend 2000, the company said.

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