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Venture West Funding Arranges $33 Million Loan on
Ventura Gateway Center
El Segundo, Calif.-(BUSINESS WIRE) – February
19, 2003--Southern California-based Venture West Funding,
Inc. announced today that it has arranged a $33 million
loan for Ventura Gateway Center, a 270,000 square foot
retail center located in Ventura, California. This loan
refinanced existing mortgage debt and was arranged by
Matt Douglas of Venture West and funded through Bear
Stearns. Built in 2003, the Ventura Gateway Center is
anchored by Kohls, Barnes & Noble, Linen’s
& Things, Michael’s, PetsMart, Pier 1 Imports,
and Applebee’s, and houses 16 other tenants. The
property’s owner and the borrower, Ventura Gateway,
LLC, is an affiliate of Robertson Properties Group.
According to Matt Douglas of Venture West, "Working
with the owner and the lender, we were able to recognize
the leasing success of this new retail center and lock
in a loan at today’s favorable interest rates.
This size and complexity of this financing reinforces
Venture West’s ability to offer a diverse array
of real estate financing options to our clients."
Venture West Funding, Inc. was founded nearly 10 years
ago, and exceeded $1.0 billion in loan volume during
2003. Venture West is one of the largest firms of its
kind operating throughout Southern California, and specializes
in providing apartment, commercial and single-family
mortgage loans to a wide variety of borrowers. Venture
West is headquartered at 2101 Rosecrans Avenue, El Segundo,
Calif. (310-364-3131). The firm maintains a full service
office at 9 Executive Circle, Irvine, Calif. (949-475-5573).
CONTACT: Venture West Funding
Matt Douglas
(310) 364-3131 Extension 229
Fax: (310) 943-2116
mattd@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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