Synergy Corporate Housing Introduces Lending Services
Partnership with Coast to Coast Funding results in development of new business unit
San Ramon, CA, August 22, 2006 – Synergy Corporate Housing today announced that it has partnered with Coast to Coast Funding, expanding its offerings with a new lending division, Synergy Lending. The partnership enables Synergy to provide affordability analysis for corporate travelers who are considering purchasing a home in a new location.
John Jeha, broker and owner of Coast to Coast Funding, will lead Synergy Lending. Guided by his expertise, the service will enable employees and recruits of Synergy customers to receive pre-analysis to help them weigh the impact of a move or transfer. Synergy Lending will also offer mortgages to employees of Synergy customers who want to purchase a new home or refinance an existing mortgage.
Synergy is committed to providing the most innovative corporate housing solutions in the industry, including affordability solutions that help our customers attract and retain employees,
said Henry Luebbert, founding partner at Synergy. It’s part of our ongoing effort to consistently exceed customer expectations and optimize their corporate travel experience.
In today’s global corporate environment, relocations are commonplace in every industry and an essential part of accomplishing growth and increasing productivity,
said John Jeha, President of Synergy Lending. By creating Synergy Lending, Synergy is providing its customers with an extremely valuable business tool that helps them better serve their employees, differentiate themselves among other companies, and eliminate the roadblocks to accommodating relocations.
Jeha’s funding expertise to enrich Synergy’s offering
John Jeha brings more than 25 years of experience in financial services to Synergy, having held multiple high-profile positions in the financial services industry. Prior to founding Coast to Coast, he was vice president at Bank of America, in charge of a lending group in the Commercial Construction Lending department. He was also vice president at The Bank of San Ramon Valley, a small community bank where he helped to develop a successful marketing campaign and loan portfolio. As senior loan officer and manager of ReloAction, a worldwide leader in relocation management, Jeha grew the mortgage lending division from startup to multi-state top-producing mortgage loan originating office.
We are extremely enthusiastic about having Mr. Jeha on board to head up Synergy Lending,
said Jack Jensky, founding partner at Synergy Corporate Housing. He shares with Synergy a passion for the corporate housing industry and a visionary approach to developing unique service offerings. His experience and deep funding knowledge will be invaluable to our relocation customers and to helping us provide the best possible lending services to our clients.
For information about Synergy Lending, contact John Jeha at (925) 820-1551 or jjeha@synergylending.us.
This press release contains forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act of 1995, about BridgeStreet, a wholly owned subsidiary of Interstate Hotels & Resorts, including those statements regarding future operating results and the timing and composition of revenues, among others, and statements containing words such as expects,
believes
or will,
which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially, including changes in the national economy, economic conditions generally and the real estate market specifically, the threat of future terrorist attacks, governmental actions, legislative and regulatory changes, availability of debt and equity capital, interest rates, competition, supply and demand for lodging facilities in our current and proposed market areas, and the company’s ability to manage integration and growth. Additional risks are discussed in Interstate Hotels & Resorts’ filings with the Securities and Exchange Commission, including Interstate Hotels & Resorts annual report on Form 10-K for the year ended December 31, 2004