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Venture West Funding Arranges $17.57 Million Fundings
on 14 Apartment Buildings in LA Area
Business Editors
El Segundo, Calif.-(BUSINESS WIRE) – February
11, 2004--Southern California-based Venture West Funding,
Inc. announced it has arranged a $17.57 million loan
package on 14 apartment buildings in Los Angeles, Inglewood,
Van Nuys, and Hawthorne. The 14 apartment buildings
contain 329 total units and are valued at approximately
$25 million.
Pete Collins of Venture West arranged the financing
with four financial institutions – Impac, Broadway
Savings, Hawthorne Savings, and Quaker Savings. According
to Collins, “Working with investor Patrick De
La Torre, we helped him restructure the financing on
a large portion of his portfolio, purchase three additional
properties, and increase his cash flow position. Because
we offer a processing platform that places a premium
on turnaround times, we were able to close all the loans
in a 30-day timeframe. This large package of loan fundings
is an example of our ability to offer a diverse array
of real estate financing options to our clients”,
added Collins.
Venture West Funding, Inc. is a full-service mortgage
banking firm that specializes in multi-family, commercial
and single-family financing and provides every client
with highly personalized guidance, tailored mortgage
solutions, and efficient service. The firm has headquarters
at 2101 Rosecrans Avenue, Suite 1225, El Segundo, CA
(310-364-3131) and an Orange County office at 9 Executive
Circle, Suite 200 in Irvine (949-475-5573).
CONTACT: Venture West Funding
Pete Collins
(310) 364-3131 Extension 234
Fax: (310) 943-2116
PeteC@ventwest.com
www.venturewestfunding.com
or
Santley Associates
Tom Santley
Phone or Fax (626) 441-4594
tsantley@socal.rr.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING REAL ESTATE
SOURCE: Venture West Funding
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