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Venture West Funding Arranges $8 Million Loan on Mixed-Use Building in Glendora, CA

Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA, announced it has arranged an $8 million loan for the $14.5 million purchase of Glendora Park Place Apartments in Glendora, CA. The property was built in 2006 and is comprised of 50 residential units and three retail suites. Loren Tirone of Venture West Funding arranged the financing through Umpqua Bank. The non-recourse loan is at a very competitive seven-year fixed rate with five years of interest-only payments. According to Ms. Tirone, "Together with Umpqua Bank, we were able to tailor the loan to the exact needs of the borrowers.” Glendora Park Place is located near Route 66, the 210 and 57 Freeways with close

Real Estate Broker - California Department of Real Estate – Lic# 01254294 – NMLS# 169000

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