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News release

Irvine, CA

Cloudvirga Expands in Irvine, Calif.

JLL represents fintech company in 12,000-square-foot office lease for headquarters


IRVINE, CALIF., September 27, 2017JLL represented Cloudvirga, a modern fintech company disrupting the home lending industry, in a new 11,918-square-foot office lease at 2875 Michelle Drive, a 200,000-square-foot building within Jamboree Business Center in Irvine, California.  Cloudvirga will utilize the space for its corporate headquarters.

JLL Orange County Vice President Scott Wetzel represented Cloudvirga in the lease. The landlord, The Irvine Company, was represented in-house by Gavin Galey & Mike Santley.

"After recently tripling in size, we wanted a tech-forward office space that allowed us to create an environment that would foster interaction amongst our employees, but also provide private spaces for focus and productivity," said Kyle Kamrooz, Cloudvirga COO and Co-Founder. "After an extensive review of properties we decided on 2875 Michelle because it provided a cutting edge design with room for growth.  Scott at JLL negotiated a lease that provided favorable concessions for capital improvements, enabling flexibility for our company."


About cloudvirga
Cloudvirga's next-generation loan officer and direct-to-consumer point-of-sale (POS) systems re-imagine the digital mortgage process by leveraging data and automation to address back-office compliance tasks earlier in the loan process, radically cutting overall loan costs, increasing transparency and reducing the time it takes to close a loan for both borrowers and lenders. Founded by top fintech veterans with a proven track record of building mortgage-related technologies, cloudvirga is committed to delivering software that reinvents the mortgage process for lenders and borrowers. Cloudvirga's initial customer roster includes eight of the top 40 non-bank mortgage originators in the United States. For more information, visit http://www.cloudvirga.com/ or follow cloudvirga on LinkedIn.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.