La Jollan’s firm outperforming ‘09
La Jollan Sacha Ferrandi is a partner with Source Capital Funding, a San Diego-based private real estate lender, which recently reported it has already outperformed 2009 and anticipates doubling the loan amounts funded, as well as tripling the number of loans closed by the end of the year.
In 2009, Source Capital funded approximately $4.75MM in loans. So far in 2010, the lender has funded $8.125MM, with projections aimed at the $11MM mark by the end of the year. In addition, the number of loans closed by Source Capital is expected to jump from 16 in 2009 to 48 by year-end.
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