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LGIS Group Partners with Tanner, Ballew & Maloof for Better Risk Mitigation in CRE Lending Market

August 29, 2019, 08:45 AM
Filed Under: Insurance Services
Related: Real Estate

LGIS Group (LGIS), a pioneer of Commercial Property Loan Insurance (CPLI) for the commercial real estate (CRE) lending industry, announced it has entered into an agreement with Tanner, Ballew & Maloof (TBM), a leading, independent commercial insurance agency in Atlanta, specializing in insuring middle market and large businesses.

Earlier this year, LGIS launched its patented, first of its kind commercial property loan insurance (CPLI) product offering today's CRE borrowers and lenders an effective alternative to the outdated and problematic personal guarantee currently required for CRE loans. CPLI provides strong, institutional grade-rated risk mitigation and increased capital relief for lenders across their CRE portfolios, while giving borrowers peace of mind, sheltering them from personal loss and increasing their capacity for more possible deals by removing the personal guarantee.

“We are excited to bring a new, value-add insurance product to our commercial real estate clients,” said Steve Maloof, Partner at TBM. “LGIS provides a unique solution for a previously uninsurable exposure that will greatly benefit our customers.”

A 20-year leader in providing solutions with a more focused risk management approach to commercial insurance, TBM will now include CPLI in its full range of commercial property, casualty products and premium finance services available to its clients.

“As the number of CRE projects continues to grow, today’s developers need effective products and services to help mitigate their risk and give them peace of mind,” said David Eichenblatt, President and Founder of LGIS Group. “I am pleased to be involved with TBM, a partner that understands the importance of providing their clients with the best available risk management products in the industry, such as CPLI, and the solutions they need to succeed.”

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