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Internet Mortgage Lender Expanding

IRVINE, CA-Continuing a trend in office leasing, Home Loan Center Inc. more than doubles its space but is one of several mortgage companies that have expanded recently in Orange County.

By Bob Howard | Updated on September 27, 2002

IRVINE, CA-Home Loan Center Inc., an Internet-based direct mortgage lender, has signed a three-year lease for 26,500 sf of additional office space here, boosting the fast-growing company’s total square footage to 40,000.

Terms of the deal were not disclosed, but Home Loan Center is believed to have negotiated for less than the $2.55 per sf asking rate for the space.

CEO Anthony Hsieh says the new facility, which is at 18191 Von Karman Ave. will house the mortgage lender’s origination, fulfillment and administrative operations beginning Oct. 19. He says the company’s existing 14,500-sf leased offices elsewhere in Irvine will be converted to accommodate its wholly owned escrow subsidiary, Home Loan Center Escrow Inc., which is slated to begin operations Oct. 15.

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