The growth represents a 236% gain in financing volume and an 80% gain in customers over the prior year. In the first quarter of 2001 Venture West arranged 152 loans for $89.3 million and in 2000 it arranged 153 loans for $86.6 million. The company more than doubled its volume in two years.
According to the company, owners and buyers of real estate are increasingly concerned with world issues, which may mean higher interest rates.
Venture West is a privately-owned, mortgage brokerage firm providing real estate loans for the purchase and refinance of single-family residences, apartment buildings and commercial properties. The firm has headquarters in El Segundo and an Orange County office in Irvine.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.