EL SEGUNDO, CA-Venture West Funding Inc. has formed a new mortgage loan firm called Venture West Commercial Mortgage Services Inc. in a partnership with Re/Max Commercial Brokerage in Los Angeles. The new firm will provide dedicated commercial mortgage services to clients of Re/Max Commercial and its affiliated brokerage companies.
Brian Horner, a partner in both Venture West Funding and the new partnership, notes that Re/Max Commercial Brokerage closed more than 770 commercial real estate transactions in 2005. Kelli Todd-Amundson is CEO of Re/Max Commercial Brokerage, and Frank Carone is president of the commercial brokerage company.
According to Todd-Amundson and Carone, Venture West Commercial Mortgage Services was licensed by the California Department of Real Estate in June and has begun operations. Re/Max Commercial Brokerage has two locations in the greater Los Angeles area and was founded in 1999 by Bob Todd and Todd-Amundson.
Venture West Funding was founded 10 years ago, and has placed more than $4 billion in loan originations since 2000. It provides mortgage loans secured by apartment buildings, commercial properties and single-family homes to a wide variety of borrowers.
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