Thomas Title & Escrow is pleased to announce that it recently closed a refinancing for a multi-family portfolio totaling $153 million. The complex financing, provided by one of the government-sponsored entities, was secured by 8 complexes spread across 3 southwestern states. The escrow was jointly handled by our Dallas and Scottsdale offices.
As recently profiled in the Title Report, our Texas operation reported revenue growth of 200 percent year-over-year for 2014. Our Arizona operation recently leased more space and moved to Scottsdale Fashion Square at the corner of Scottsdale and Camelback Roads. We are moving aggressively to hire additional professionals and expect continued growth in 2015. Our strategy includes developing full-service locations in other areas of the fast-growing Texas market. We also expect to obtain licenses in a majority of states during 2015, which will significantly expand our capabilities for national commercial work. Please let us know if we can be of service! Thank you again for your continued support in helping us achieve our goal of being your premier provider of commercial title insurance and escrow services.
Frank W. Busch III
President and Chief Executive Officer