BANKING/FINANCE
Pathfinder Mortgage Corp., a Lake Forest commercial mortgage banking firm, has arranged two major permanent loans totaling $8.6 million for industrial buildings in Artesia and Las Vegas.
The firm, which invests money from nine life insurance companies, provided a new loan of $4.1 million on eight Artesia buildings owned by the Artesia Development Co. The buildings are being used by light industrial companies, said Gary Hannafious, Pathfinder’s president.
The mortgage banker also arranged a $4.5-million loan on a manufacturing and distribution facility in Las Vegas. The building is owned by a California limited partnership.
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