Metrocities Mortgage, a national direct lender and mortgage broker based in Sherman Oaks, Calif., has opened a branch office at 333 Westchester Ave. in White Plains. The company has leased 3,500 square feet of space until 2011.
Metrocities is a subsidiary of Prospect Mortgage, backed by Sterling Partners, a private equity fund with nearly $4 billion of capital under management. The company”™s branch manager in White Plains is Donald Arace, former vice president at New York Mortgage Co. with 22 years of lending experience in Westchester County.