BOSTON, April 21, 2015 /PRNewswire/ -- Admirals Bank, a federally-chartered financial institution headquartered in Boston, MA, with a Regional Banking Center in Providence, RI, and a Renewable Energy Lending Center in San Francisco, CA, has announced a new partnership with GAF, the North America's largest roofing manufacturer, to create The Winter Weather and Spring Repair Program, which is available from April 21, 2015, to June 21, 2015.
Admirals Bank will offer eligible New Englanders three lending options featuring discounted rates to fund repairs for unexpected roof damage caused by this winter's record snowfall and to help homeowners get ready for spring. As an additional component to the program, Admirals Bank is offering further discounts to gateway communities throughout New England. Homeowners in the New England area will have access to GAF's network of independent, highly-trained, local Master Elite® and Certified™ Contractors.
Details of the loan options are as follows:
12-month no payment (same-as-cash) options, with standard rates after the same-as-cash period ends, for borrowers seeking to float insurance claims
Discounts on, and in some cases the removal of, certain fees associated with the Admirals Bank FastTrack lending program
A 50% reduction in customer origination fees for the FHA Title I loan program
"The Winter Weather and Spring Repair Program is a great opportunity for Admirals Bank to help the New England community and provide a special service after an extraordinarily hard winter," said Robert Banaski, chief administrative officer at Admirals Bank. "We're known for our home improvement and renewable energy financing services, and by partnering with GAF, we're able to take it to the next level by connecting those in need to a network of repair specialists with unmatched professionalism and expertise."
"We are pleased to partner with Admirals Bank for The Winter Weather and Spring Repair Program. After the record-breaking snowfall in New England this winter, we understand that many homeowners will require roof repairs. Those repairs will need immediate attention. Our GAF Factory-Certified Contractors are able to help New Englanders deal with the aftermath of this weather and offer Admirals customers the fair and honest business practices they deserve," said Jim Slauson, vice president, certified contractor program & services at GAF.
Additionally, Admirals Bank is partnering with Urban Edge to offer significantly reduced rates to qualified applicants in select gateway communities in Massachusetts.
Admirals Bank is a federally-chartered financial institution headquartered in Boston, MA, with a Regional Banking Center in Providence, RI, and a Renewable Energy Lending Center in San Francisco, CA. Since 2012 Chairman and CEO, Nicholas W. Lazares, has focused the Bank's home improvement lending efforts in the residential solar and renewable energy industry, opening Admirals Alternatives, the Renewable Energy Lending division of Admirals Bank. Admirals Bank also remains a leading national provider of the Title I Home Improvement Loan for a variety of other home improvements. Admirals Bank offers customers additional home borrowing solutions such as residential mortgages and the FHA 203(k) Loan. In addition, Admirals Bank is an active acquirer of commercial real estate loans in the secondary market with over $1 billion in acquisitions since 2010. Admirals Bank has also introduced Bespoke Banking to the financial industry, which is individually tailored, highly customized, concierge banking. Bespoke Banking offers checking and savings accounts which can be conveniently maintained online or via a mobile device. Admirals Bank is an Equal Housing Lender and Member FDIC.
Founded in 1886, GAF is the largest roofing manufacturer in North America. The company's products include a comprehensive portfolio of steep-slope and commercial roofing systems, which are supported by an extensive national network of factory-certified contractors. Its success is driven by its commitment to Advanced Quality, Industry Expertise, and Solutions Made Simple. GAF was the first roofing manufacturer to offer a Lifetime limited warranty on all of its laminated shingles, which then evolved with the introduction of the GAF Lifetime Roofing System by extending the Lifetime coverage beyond just the roofing shingles.
With a focus on social responsibility, GAF developed Advanced Protection® Shingle Technology, providing superior durability and wind resistance while reducing the use of natural resources. The company also developed single-ply and asphaltic roofing membranes with superior durability and high reflectivity to meet the most rigorous industry standards while helping commercial property owners and designers reduce energy consumption.
GAF also supports the roofing industry through CARE, the Center for the Advancement of Roofing Excellence, which has provided education to over 125,000 professionals. CARE's mission is to help professional contractors and distributors build their businesses through sales and management education, and to provide product and installation training to contractors, distributors, architects, property owners, and related industry personnel. For more information about GAF, visit gaf.com.