As soon as we are in receipt of a signed term sheet after initial screening, our underwriting team works with the borrower to quickly assemble the required due diligence material. Our Underwriter reviews and verifies all information provided upfront and we structure the loan appropriately. We then work with legal counsel and escrow/title to arrange for loan documents and funding within the desired timeframe. Immediately following the closing, the borrower will be contacted by our professional loan servicing team who will coordinate monthly payment obligations.
While we do outsource the collection and disbursement of payments (along with tax reporting), AR Financial is the Master Servicer and Agent on behalf of the lender group. As such, we closely monitor servicing activity to confirm payments are made in a timely manner. We augment the efforts of our servicer if a borrower is exhibiting late payments by interceding with direct communication with the borrower.
Members of our team have had long and highly successful careers in commercial real estate lending and real estate capital markets. We have underwritten and funded over $5 billion in loans secured by commercial real estate and know the obstacles, both real and otherwise, faced by conventional lenders. In addition, we have been funding private loans for more than 25 years as our legacy company started in 1994. In the last few years, we have funded over $180 million in private loans. We are experienced and know how to conduct our business in a way that makes sense for us, our borrowers and our investors. Our numerous repeat borrowers are a testament to their satisfaction.