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EverBank is Growing its Commercial Lending Group
03/01/2007

Jacksonville, FL - EverBank® announces the acquisition of California based Apartment Lending Group (ALG), expanding EverBank's commercial lending capabilities in the small-balance commercial lending marketplace. "This acquisition will result in over $1 billion in immediate origination volume, annually, with incremental volumes upwards of $1.5 billion," states EverBank Commercial and Community Banking SVP Jamie Buckland, and positions EverBank to become a nationwide leader in small-balance commercial real estate lending.

Through the acquisition and platform build out, EverBank will leverage its product development capabilities to develop proprietary, small-balance commercial real estate loan products. Buckland continues, "This approach provides optimum balance sheet flexibility for EverBank, while also maximizing revenue opportunity. EverBank believes that the right combination of highly competitive products, coupled with it's fulfillment platform and existing Wall Street partnerships will allow EverBank to become a major player in the small-balance ($500k - $5MM) commercial lending marketplace."

The new EverBank Commercial Lending Group will be managed jointly by Clay Reese (EverBank) and William Sonsma (ALG).

The actual acquisition date of the ALG purchase was 3/1/2007.


  1. EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida. With approximately $3.7 billion in assets, 1,500 employees, and over 400,000 customers nationwide, EverBank is one of the industry's fastest growing, high performing financial service firms.

    EverBank provides national banking and lending products directly to consumers and through a variety of business partners including priceline.com, Bank of New York, and other financial advisors and brokers. EverBank has received numerous awards including Forbes and Online Banking Report's "Best of the Web" as well as other servicing, banking, and technology honors.
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