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VWF Arranges $17.5 Million Loan on Pico Rivera, CA Industrial Building

Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged $17.5 million for the refinance of an industrial building in Pico Rivera, CA. Matt Douglas of Venture West Funding arranged the financing through Prudential Mortgage Capital for an affiliate of Robertson Properties Group based in West Los Angeles. The 372,164-SF warehouse and distribution facility is located at 8462 East Whittier Blvd. in Pico Rivera, CA and is 100% leased by three tenants – CHEP, Bimbo Bakeries, and Bay Cities Container Corp. All three tenants have occupied the building since it was constructed in 2002 by Robertson Properties Group. According to Douglas of Venture W

VWF Arranges $16.7 Million in Loans with Sterling Savings Bank

Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged six loans totaling $16.7 million for the refinance of six apartment buildings in Inglewood, CA. The portfolio of loans was arranged by Dave Meis, senior loan officer of Venture West Funding’s Orange County office for a Los Angeles-based private investor. The buildings consist of six separate complexes totaling 208 units, a non-contiguous portfolio of 1960’s and 1970’s apartment buildings. All of the buildings were renovated in 2009 and 2010. The loans provided the owner non-recourse financing at maximum leverage. According to Meis, “Sterling Savings Bank is one of the few portfolio lende

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