Venture West Funding Arranges $18 Million Loan on Long Beach, CA Shopping Center

Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged an $18 million loan for the refinance of the Long Beach Town Square shopping center located at 2100 E Carson Street, Long Beach, CA. The 117,701 square foot center built in 1999 is anchored by Ralphs and also includes several nationwide tenants including L.A. Fitness, Supercuts, Chase Bank, and Del Taco. Matt Douglas of Venture West Funding arranged the financing through John Hancock Life Insurance Company for an affiliate of Robertson Properties Group. The non-recourse loan is at a very competitive 15-year fixed rate with 25 years of amortization. According to Mr. Douglas, "Together with

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

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