One of the nation’s largest independent residential retail lenders, Prospect Mortgage, has opened a new branch in Santa Barbara.

The company has subleased 5,442 square feet of service retail/office space at 3780 State St.

Michael Martz and Francois DeJohn of Hayes Commercial Group represented the sublessor, Frontier Bank. Robert Chavez of Guardian Commercial Realty represented Prospect Mortgage.

— Ted Hoagland is the marketing manager for Hayes Commercial Group.