Bank Leumi USA

The Leumi Group, Israel’s leading banking group, was founded in 1902.  It was founded in London and headquartered there until 1950 when it was moved to Israel.  Bank Leumi served as the central bank of Israel until 1954, when it became a commercial bank.  It is one of the largest corporations in the Middle East and  an international force in finance.  The Leumi Group has 44 offices located in  financial centers in 21 countries, 300 branches and offices in Israel, and it’s US division is a FDIC insured full service commercial bank.  In Israel the Leumi Bank operates on a traditional level providing the entire standard banking services, credit card, mortgage, corporate banking and retail banking.   Leumi customers receive the most advanced banking technologies and innovative products tailored to their individual needs.   Leumi corporation employees over 10,000 people and has over two million customers worldwide.   Their head office is in Tel Aviv, Israel.

Bank Leumi USA Services

Bank Leumi USA provides financial services to middle and upper-middle market firms, international businesses and non profits.  Bank Leumi USA has been operating for more than 50 years with offices in New York, Illinois, California, Florida and the Cayman Islands.  Not only does Bank Leumi USA offer private banking services, but they also offer securities and insurance products through its brokerage subsidiary, Leumi Investment Services Inc.  Leumi USA seems to cater to the wealthy as it says  right on their website “Whether you’re a middle-or upper-middle market firm, an international business, a not-for-profit organization, or an affluent individual located in the U.S. or abroad, we can assist you.”

Leumi USA basically casters to the developers and investors in the real estate market.  Their preferred property types are :  Multi-Family Residential; Shopping Centers; Office; and Mixed Use Properties .  Leumi USA  provides lending services with short-term floating rates with maturities ranging from one to five years.  Financing projects for repositioning or future development include: Construction and renovation projects;  Added value cash flow loans;  Acquisition loans; and  Land loans.  

Bank Leumi USA Home Equity Loans

Bank Leumi USA does provide home equity lines of credit for qualifying customers with houses, condominiums or co-ops.  The total of the line of credit and any first mortgage cannot exceed 75% of the appraised value of the residence.  The total of any first mortgage cannot exceed 50% of the appraised value.  The minimum home equity loan value is $100,000 and the maximum is $500,000.  A minimum draw of $2,500 is required.  The loan term is 10 years and the maximum APR is 15.9%.  There is a one time fee of $100.00 and early termination fees will apply if home equity line of credit is cancelled within two years.

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