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Venture West Funding Arranges $56.5M in Total Loans for Los Angeles Apartment Portfolio
February 1, 2021 GMT
EL SEGUNDO, Calif. (BUSINESS WIRE) Feb 1, 2021
Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged loans totaling $56.5 million for the refinance of six apartment buildings located in prime areas of Los Angeles. The class-A portfolio is owned and managed by a local real estate investor/developer, and consists of 210 total units, with buildings ranging from 13 to 92 units. The borrower acquired the six properties in the last 15 years and extensive upgrades have been completed on most of the units. The well-maintained properties feature first-class amenities, spacious units with upgraded kitchens, bathrooms and exteriors. ....

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