Working Together for Multifamily - PropertyBridge and Bank of America Merrill Lynch
Through a strategic agreement with PropertyBridge, Bank of America Merrill Lynch now offers a compelling resident payment solution to its property management clients. One of the world’s largest financial institutions, Bank of America Merrill
Lynch is one of nation’s largest lenders to the multifamily housing industry and currently provides services to more than 40 of the top 50 property management companies in the U.S.

Moving beyond the traditional benefits of electronic payments such as improved cash flow, this unique solution further improves efficiency through the integration of resident transactions into leading property management accounting software. Users also have access to multiple payment types including credit/debit, ACH and check scanning through a single web-interface. Additionally, property managers have the ability to leverage their earnings credits to offset costs.

Rick Bridwell, Senior Vice President of Bank of America Merrill Lynch stated, “We had identified a specific payments platform need for our multifamily clients, particularly the need to consolidate payment functionalities and integrate into back-end accounting systems. As we looked at opportunities to build our own solution or make an acquisition, PropertyBridge stood out to us as a complete package that we were looking for. It’s kind of like Dell powered by Intel, but this is going to be Bank of America powered by PropertyBridge. Most importantly, the partnership will help our customers better manage liquidity-very important in any environment, but especially in today’s environment.”

If you’re interested in learning more about the Bank of America solution, contact us today.