Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

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

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...


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

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...