| Record YTD Production at Venture West
Commercial mortgage broker reports $630.4 million production October 23, 2002 By MortgageDaily.com staff |
| Venture West Funding, Inc. announced on Tuesday a substantial leap in mortgage loan funding during its nine months ending Sept. 30.
The mortgage brokerage firm reported $630.4 million in total lending for the nine months, a 76.4% increase from the same time last year. That figure also almost matches the company’s 2001 year-end total of $630.6 million. A breakdown of the nine months 2002 figure represents $458.2 million in multifamily and commercial loans, and $172.2 in single-family residential loans, according to the report. The Southern California-based company is on target to meet its 2002 year-end goal of $750 million in mortgage loan volume, said president Hal Rose. “Because we work with more than 90 mortgage lenders, we can provide borrowers with multiple loan choices, customized solutions, and swift and reliable execution of each transaction,” he said. |
