CCBI, TIMCOR Join Forces

Commercial Capital Bancorp Inc., a multifamily lender based in Irvine, Calif., and TIMCOR Financial Corp., a provider of services to real estate investors that has offices in Los Angeles and Houston, have announced a marketing agreement under which they will make mutual business referrals.Under the pact, TIMCOR will promote CCBI as a provider of banking, deposit, and lending products and services, and CCBI will promote TIMCOR as a facilitator of tax-deferred real estate exchanges under Section 1031 of the Internal Revenue Code. "Nearly 90% of TIMCOR's business is generated from transactions in California, and over 80% results from purchases and sales of income property," said Stephen H. Gordon, chairman and chief executive officer of CCBI, the holding company for Commercial Capital Bank. "With the bank being the fastest-growing bank and one of the largest multifamily lenders in California, the agreement is a natural fit, having tremendous potential to increase volumes and revenues for both companies." The companies can be found online at http://www.commercialcapital.com and http://www.timcorfinancial.com.