The California Bankers Association’s endorsed strategic partner, Promontory Interfinancial Network has announced the launch of Bank Assetpoint in California, an online marketplace that focuses on bank assets. 

With Bank Assetpoint, bank participants can post and view listings of a variety of new lending opportunities, as well as existing loans and commercial real estate owned (REO). Bank participants can also go to Bank Assetpoint to find partners who can help them increase revenue or better manage risk.

Bank Assetpoint is a single point where California banks and other eligible participants can:

• Search thousands of national, local or out-of-market listings for bank-owned commercial real estate, whole loans, loan participations and loan pools
• Post (or have a real estate broker or loan sale advisor post) asset listings of their own
• Connect with real estate brokers, loan sale advisors, and other specialty service providers who can deliver sought-after expertise
• Enjoy the security and convenience of virtual data rooms, powered by IntraLinks, the industry leader.

To learn more, visit www.bankassetpoint.com, or contact Reg Truman, regional director at (866) 899-5799 ext. 3448.