Venture West Funding Arranges $11.3 Million Loan on Cypress, CA Multi-Family Development Project

EL SEGUNDO, CA – November 17, 2016 – Venture West Funding, Inc. (VWF), a mortgage brokerage company headquartered in El Segundo, CA announced today that it has secured financing for the Cypress Walk Apartments, a 67-unit Class A multi-family development in Cypress, California. Working on behalf of the borrower, VWF placed the $11.3 million loan with Umpqua Bank. Matt Douglas, principal of VWF said, “Structuring this 24-month construction loan in two stages was advantageous because it allowed the borrower to close escrow on the land, prior to obtaining building permits.” The developer anticipates completion in less than 15 months to meet the strong demand in the area. Cypress Walk will featur

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