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Credit unions now have streamlined access to evaluate deals, enhancing choice and control
GLENDALE, Ariz. (September 23, 2024) – AVANA CUSO, a credit union service organization that specializes in commercial real estate lending, announces its new Participations Desk, a platform designed to simplify the process of providing credit unions access to commercial real estate (CRE) loans. This user-friendly technology gives credit unions streamlined access to evaluate deals, enhancing their choice and control.
AVANA CUSO’s Participations Desk allows credit unions to see all available loan opportunities, view their current portfolio, and manage their lending preferences. The user-friendly interface makes learning about loan details, such as the maximum participation amount, interest rates, and more, easily accessible for the credit union.
“This elevated platform significantly improves operations for both the credit unions we serve and the AVANA CUSO team,” said Chad Witcher, COO at AVANA CUSO. “By streamlining processes and reducing manual tasks, credit unions can focus on serving more members. The visually appealing platform interface, robust security measures, and seamless user experience will enable credit unions to participate in deals easier and faster.”
“The AVANA team is committed to supporting digital transformation in credit unions, which will empower them to serve their members and community better,” said Sundip Patel, Co-Founder and CEO of AVANA Companies. “By making the participation process easier and more transparent for credit unions, we can expand our loan servicing offers and advance our mission of promoting financial inclusion and building capital for a better tomorrow.”
What has traditionally been a manual process for CUSOs, the Participations Desk integrates technology to make it easier for credit unions to participate in more deals. This tech-enabled and secure platform empowers the AVANA CUSO team to serve credit unions better and, ultimately, their members as well. Credit unions can also self-serve on the platform, such as managing their users who can view or participate in deals. The Participations Desk enables AVANA CUSO to become a one-stop shop for credit unions for commercial lending and servicing for CRE, SBA, and USDA loans.
About AVANA Companies:
The AVANA Family of Companies (AVANA) is dedicated to stimulating local economies and contributing to clean energy development across the United States. Founded in 2002 by brothers Sundip and Sanat Patel, AVANA Companies is a family of lending and investment platforms that serve entrepreneurs and investors. The company’s goal across the lending programs is to empower American small businesses by providing commercial real estate loans that are impactful and socially driven. For investors AVANA Companies provides sound investment opportunities secured by real estate and driven by highly qualified sponsors. AVANA is headquartered in Arizona and Bahrain and serves small business owners and investors across the United States, Saudi Arabia and Bahrain. AVANA invests in the communities it serves, creating jobs, stimulating economic growth and contributing to sustainable projects. AVANA has recently been named to the 2021 Inc. 5000 List of America’s Fastest-Growing Private Companies. AVANA Capital, LLC is licensed in California under DBO license number 603K752 and in Arizona under CBK license number 0921662. To learn more, visit www.avanacompanies.com or follow AVANA Companies on LinkedIn.
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