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Venture West Arranges $24.75M Acquisition Loan for 92-Unit Apartment Building in Hollywood, CA

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged $24.75 million in acquisition financing for a 92-unit apartment building located in the Hollywood area of Los Angeles, CA. The buyer is Phoenix Group. Venture West arranged the loan with First Foundation Bank. Matt Douglas, Principal of Venture West Funding and his team worked closely with the lender to ensure a smooth execution. The loan is secured by a competitive 7-year fixed rate with prepayment flexibility. Phoenix Group (PG) is an investment group focusing on multifamily acquisitions in Southern California. This $45 million dollar sale is one of

Venture West Funding Arranges $19.8 Million Loans on Four Inglewood, CA Apartment Buildings

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged loans totaling $19.8 million for the refinance of four apartment buildings located in the Inglewood area of Southern California. The loans were funded through HomeStreet Commercial Capital. The 163 units are divided between four buildings all of similar vintage, and range from 20 to 52 units. The properties were built between 1959 and 1968 and are located in Inglewood and unincorporated areas of Los Angeles. All four buildings are well maintained and professionally managed by Crystal Property Management. Venture West Funding was founded more than 20 ye

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