American Security Bank (ASB) is an active lender for construction loans on income producing properties, and will provide short term and long term commercial mortgages. General property types include; office, industrial, retail, apartments, mobile home parks and selective special purpose properties. Portfolio mortgages are offered on 3 and 5 year fixed rates turning adjustable over a 10 loan term. Loans generally amortized from 20-30 yrs. Prepayment penalties ranging from 3-5 yrs and loan structures can be structured to meet clients need.

In addition, ASB provides construction financing on custom residential homes, both speculative and owner occupied, and finances small to medium size housing tracts for experienced builders/developers. Short term land loans are considered case by case. The disbursement process is handled through ASB's in-house fund control department.

General lending areas include most of the Southern California Basin, and case by case, Northern California, Nevada, and Arizona.

Loans generally range from $1,000,000 to $10,000,000.

ASB is also able to provide long term fixed rate loans on a brokerage basis through conduit lenders and life insurance companies.

Loan submissions from qualified Brokers are encouraged.