Allen Matkins, founded in 1977, is a California-based law firm with more than 200 attorneys in four major metropolitan areas of California: Los Angeles, Orange County, San Diego, and San Francisco. The firm's areas of focus include real estate, construction, land use, environmental and natural resources, corporate and securities, real estate and commercial finance, bankruptcy, restructurings and creditors' rights, joint ventures, and tax; labor and employment, and trials, litigation, risk management, and alternative dispute resolution in all of these areas. For more information about Allen Matkins please visit www.allenmatkins.com.
As 2021 begins drawing to close, the Department of Financial Protection & Innovation has released its 2020 Annual Report of Finance Lenders, Brokers, and PACE Administrators Licensed Under the California Financing Law.
As 2021 begins drawing to close, the Department of Financial
Protection & Innovation has released its 2020 Annual Report of Finance Lenders,
Brokers, and PACE Administrators Licensed Under the California
Financing Law. According to the report, the number of
licensees increased from 2019 to 2020, but the number of commercial
loans originated in 2020 decreased by 21.99% to 706,228 from
905,341 in 2019. The total principal amount of commercial
loans decreased by 13.9% over the same period, to $160.4 billion
from $186.4 billion. Nearly one-half (46.14%) of
commercial loans by dollar amount were secured by real
property.
The table below was derived from data included in the DFPI's
report.
In 2020, the DFPI received nearly 1,500 applications for
licenses under the CFL.
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