Edina-based commercial real estate mortgage firm hires former Welsh Capital Vice President to be new VP of commercial loan originations
EDINA, Minn., Jan. 22, 2010 – Venture Mortgage is pleased to announce that Kip L. Dunkelberger has joined the Edina-based mortgage banking firm as Vice President of Commercial Loan Originations.
During his career, Mr. Dunkelberger has delivered effective financing solutions for numerous developers, investors and business owners throughout the Twin Cities area and beyond, leveraging the relationships he has cultivated with life insurance companies and other lenders. In his new role, he will be responsible for originating commercial real estate mortgages and growing the client base at Venture Mortgage.
Mr. Dunkelberger comes to Venture Mortgage from Twin Cities-based Welsh Capital. He joined Welsh as an Associate in January 2005 and was promoted to Vice President in January 2007.
“I am delighted to add an experienced professional like Kip to the Venture Mortgage team,” says President Michael “Mick” Thorsland. “As we start our 21st year in business, we are looking forward to providing an even higher level of service to our commercial real estate financing clients, and Kip will help us to do that.”
“As a former competitor in the commercial mortgage industry, I was always impressed by the capabilities and professionalism demonstrated by Mick and his colleagues at Venture Mortgage,” Mr. Dunkleberger says. “Now, I am excited to have the opportunity to become part of this successful and highly-regarded organization.”
In 2002, prior to joining Welsh Capital, Mr. Dunkelberger co-founded Commercial Mortgage Advisors in Wayzata, Minn. He began his career in commercial mortgage banking in 2001 as an analyst with Voyager Bank in Eden Prairie, Minn.
About Venture Mortgage
Venture Mortgage is a mortgage banking firm serving as a loan correspondent for numerous life insurance companies. To date, Venture Mortgage has originated more than $3.3 billion in commercial real estate loans. We also act as a servicing agent for these lenders and currently have a servicing portfolio of $650 million. Venture Mortgage was formed in 1990 by its president, Michael “Mick” Thorsland. Since then, Venture Mortgage has grown to nine employees, including five producers, who can offer you the benefits of local market knowledge and real estate backgrounds ranging from 20 to 45 years.