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Scott Braly Named Venture West President
Business Editors
El Segundo, Calif.-(BUSINESS WIRE) – Jan. 29,
2004--Venture West Funding, Inc. announced today that
the firm exceeded $1.0 billion in loan volume during
2003, a record. The $1.03 billion of loan volume generated
during 2003 was 23% higher than the $839 million of
loan volume produced by the firm during 2002. Venture
West is one of the largest firms of its kind operating
in Southern California, and specializes in providing
apartment, single-family and commercial mortgage loans
to a wide variety of borrowers.
During 2003, Venture West originated $720 million
of apartment and commercial mortgage financings, and
an additional $310 million of single-family mortgages,
in each instance substantial increases from the firm's
mortgage volume during 2002.
"Our success during 2003 resulted from a continuing
focus on providing tailored financing solutions and
portfolio guidance to our growing stable of clients,"
said Scott Braly, Venture West's President. "We
also support our clients with a processing platform
that places a premium on turnaround times and the efficient
and complete processing of each client's loan application
and related paperwork.
"With mortgage interest rates at or near their
historical lows throughout 2003, we were able to take
advantage of our numerous and varied lender relationships
to assist clients in refinancing their portfolios, purchasing
new buildings, and obtaining cash proceeds from appreciated
real estate values," Mr. Braly said. "Because
mortgage rates remain very attractive entering 2004
and property values are continuing to rise, we expect
that our unique combination of substantial lender relationships
and highly efficient processing of customer requests,
coupled with our team of experienced loan officers and
support staff, will permit Venture West to continue
to grow its share of the Southern California mortgage
business," added Mr. Braly.
Venture West Funding, Inc. was founded nearly 10 years
ago, and is headquartered at 2101 Rosecrans Avenue,
El Segundo, California (310-364-3131). The firm maintains
a full service office at 9 Executive Circle, Irvine,
California (949-475-5573).
CONTACT: Venture West Funding
Scott Braly, President
(310) 364-3131 Extension 265
Fax: (310) 943-2108
sbraly@ventwest.com
www.venturewestfunding.com
or
Santley Associates
Tom Santley
Phone or Fax (626) 441-4594
tsantley@socal.rr.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING REAL ESTATE
SOURCE: Venture West Funding
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