Chicago's Entrepreneurs Spur Growth in Commercial Mortgage Industry According to Clopton Capital
Clopton Capital, a commercial financing provider based in Chicago, IL, has seen growth in their commercial mortgage business throughout the last year, and they attribute this to economic growth largely within Chicago.
Chicago, IL (PRWEB) November 02, 2012
Clopton Capital, a commercial financing provider based in Chicago, IL, has seen growth in their commercial mortgage business throughout the last year, and they attribute this to economic growth within businesses and developments largely within Chicago. The firm believes that thousands of new commercial and residential developments being constructed in Chicago have both directly and indirectly affected their commercial mortgage-based business in a positive way. According to the firm's own research, there are roughly 3000 new condominiums being constructed within a two mile radius of the firm's headquarters in the River North neighborhood of Chicago. They believe this growth is due to various factors, the of the largest being Google's newest office opening just one block from Clopton Capital's office.
“Two years ago there was a strong presence of negativity surrounding nearly all factors of the Chicago economy. While analytically speaking things have not gotten that much better, they have however not gotten worse which has created a newfound confidence in the commercial mortgage industry. We are also more confident than ever in our future growth and prosperity”, said Jake Clopton, the founder of Clopton Capital.
Clopton Capital has become successfully and unsuccessfully involved in many commercial mortgage opportunities throughout the last several years. They claim that their successful endeavours are making it possible for them to become involved in larger and more viable projects that will arise in 2013. “To continue growing and thriving we merely need to make more good decisions involving who we dedicate our resources to than bad decisions”, said Matt Reed, an associate of Clopton Capital.
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