PLATINUM CAPITAL GROUP.Business: Mortgage banking Location: Manhattan Beach Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. Growth: 208% IN 1993, former house painter Mark Moses Mark W. Moses (born February 24, 1958) is an American actor. Biograhy Moses was born in New York City, the brother of actor and singer Burke Moses.[1] As a character actor with appearances on projects ranging as diverse as Big Momma's House 2 and mortgage-loan officer Brett Dillenberg invested $40,000 of their own money to start a mortgage brokerage company. That first year, they closed only 29 loans and lost $108,000. Things have changed. This year they will have written 5,000 mortgages. Revenues have gone from $7.6 million in 1996 to $23.3 million in 1998. And what was once a three-man operation has been transformed into a six-office company that employs 175 people. The South Bay is still the company's primary market, but Platinum Capital is also targeting the first-time homebuyer First-Time Homebuyer An IRA owner who is exempt from the early-distribution penalty (which applies to IRA distributions that occur before the IRA owner reaches age 59.5) for distributing funds from his or her IRA to buy, build, or rebuild a home when having had no interest in a in the Latino market. This year, it launched an office in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. after opening offices in La Mirada La Mirada (lä mĭrä`də), city (1990 pop. 40,452), Los Angeles co., S Calif.; inc. 1960. La Mirada derives from the Spanish for "the view," referring to the panoramic view of the surrounding valleys from atop the city's hills. and Encino last year; all three are targeting Latino buyers. "We feel this is a high-growth area in the marketplace," said Dillenberg, company president. As part of its marketing campaign, Platinum Capital has joint-venture agreements with seven real estate companies in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . The mortgage firm also has agreements with five large companies, which offer their employees favorable loan rates with Platinum as part of their benefits packages. While Dillenberg works in Manhattan Beach, Chief Executive Mark Moses, 35, works in Irvine, where his office specializes in an overlooked market - real-estate-secured consumer loans. The company offers home-improvement and debt-consolidation loans nationwide via direct mail and telemarketing. |
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