Mortgage Daily Logo
mortgage news from industry experts

From Riches to Rags

Mortgage Banker Inks CSU Sports Complex Deal

DreamLife pays $1 million for CSU Stanislaus arena renaming

December 2, 2004


A California mortgage banker and philanthropist has contributed $1 million to rename the sports complex of one of the state’s universities after his company.

California State University, Stanislaus recently announced that it would rename its Warrior Arena and sports fields to DreamLife Arena and DreamLife Fields. As part of a five-year agreement for the naming rights, Modesto, Calif.-based DreamLife Financial president and CEO Tony Daniloo is contributing $1 million to be used for athletic scholarships, equipment, and program operations, the release said.

The “Warrior” arena and playing fields on Stanislaus state campus (one of the University’s 26 campuses) are host to intercollegiate and intramural sporting events, including 14 men’s and women’s athletics teams in the California Collegiate Athletics Association. The arena is also used for various educational classes, graduation ceremonies, and banquet events.

“We are fortunate that the Daniloos have stepped forward to make such a big-hearted contribution to enhance the level of excellence demonstrated by all of our talented student athletes inside and outside the classroom,” Stanislaus State President Marvalene Hughes stated in a press release on Nov. 17.

Daniloo, 30, founder of DreamLife Financial and a resident of Turlock, was born in Iran but attended local schools. “There’s no question that college athletics enriches students’ lives,” he said a recent press release. “We’re delighted to support the University in the town in which we reside—while at the same time we know that our contribution will help the CSU Stanislaus athletics department continue to grow as one of the top athletic programs in the country.”

DreamLife Financial, a subsidiary of DreamLife Investments Inc. and partner to DreamLife Realty, was established in 2003 with its first office located in Turlock. DreamLife Financial says it offers a full range of loan programs at the retail and commercial level and states that they are “on track to fund $1 billion in home loans in 2005,” according to company spokeswoman Carrie Cardoza.

Cardoza said DreamLife aspires to be the largest mortgage provider in the Central Valley region while providing its 100-plus employees with a family oriented atmosphere in seven branch locations.

Cardoza confirmed that Daniloo and his wife, Nansi, have also pledged $4.5 million to the Emanuel Medical Center to help build a cancer treatment center and for the reconstruction of a pediatric wing. Daniloo said his mother, Susie, is a breast cancer survivor.


From Riches to Rags
A California mortgage broker who contributed $1 million to buy naming rights at a college sports complex and pledged money for a cancer center is now sitting in a jail cell facing charges in a multimillion dollar fraud scheme. Also accused in the case is a former escrow officer of a major title insurance company.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts