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About Us

We work hard to offer you flexibility and quality service with a personalized touch. With our company headquarters in San Diego County, Balboa Thrift’s Jim Morstad has worked with hundreds of brokers locally, offering competitive rates and expertise in lending services. Your commercial real estate loans with us are all serviced at our headquarters in Chula Vista, CA.

We are committed to providing you an excellent commercial real estate lending experience. 

Jim Morstad

Jim Morstad - Vice President of Commercial Real Estate

Jim Morstad is Vice President of Real Estate at Balboa Thrift and Loan. Having more than 40 years of expertise in the financial and commercial real estate business, he’s worked through roller-coaster real estate markets, a fluctuating economy and numerous other obstacles to successfully finance millions of dollars worth of properties around the County of San Diego. Jim is a member of the San Diego Association of Realtor (SDAR) and is a dedicated Notre Dame football fan. 

Joseph Morstad

Joseph Morstad - Commercial Real Estate Loan Officer

Joseph is the Commercial Loan Officer at Balboa Thrift and Loan. His prior experience with large international companies like State Street Bank, Zara, and Deutsche Bank along with his ability to offer personalized customer service while running his own local fitness business will ensure your lending experience at Balboa Thrift and Loan is positive and successful. Joseph was born and raised in San Diego’s North Park neighborhood. Joseph is also a member of the San Diego Association of Realtor (SDAR), a licensed real estate broker, an author, and an avid golfer.

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Diana Martinez

Diana Martinez - Loan Processor

Diana Martinez brings 20+ years of experience in the financial services industry to the commercial real estate department at Balboa Thrift and Loan. Her expertise in loan servicing, funding, and customer service has made her successful in managing all aspects of the lending process. She has successfully managed loans on both national and local levels. Diana will bring a dedicated, diligent, and efficient approach to all aspects of your commercial real estate loan. Her overall goal is to insure that your broker commercial real estate fundings are professionally handled in a timely and thorough manner. A San Diego native, Diana enjoys shopping and loves spending her free time with her two sons.