Direct mortgage lender New American Funding reports that it has opened a new branch in downtown San Jose, Calif.
The new branch in the heart of Silicon Valley occupies about 4,000 square feet of contemporary office space on the top floor of a 16-story high-rise, the company says in a release.
Chris MacNaughton, who has been with New American Funding since September of 2016 covering Northern California as vice president of builder and business development, will lead the new location as branch manager as well.
MacNaughton has grown the company’s presence in the Northern California market, the company says. In the coming year, the Northern California builder team is expected to fund $250 million in loan volume.