Minneapolis-based Towle Financial Services celebrated a strong 2011, the company’s total loan origination volume increasing 76 percent from its 2010 volume.
In 2011, Towle closed 56 loans with a transactional volume of more than $250 million. That comares to 31 loans totaling $142 million in 2010.
“Our 2011 transactions included a mixture of apartments, retail, industrial, office and medical office, student and senior housing projects. Our pipeline of transactions going into 2012 appears to be building as we see a continued improvement in commercial real estate,” said Mark Vannelli, president and principal with Towle Financial.
