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VWF Arranges $17 Million Loan on Fairview Shopping Center in Goleta, CA

September 10, 2013

El Segundo, Calif.-(BUSINESS WIRE) – September 9, 2013--Southern California-based Venture West Funding, Inc. announced it has arranged a $17 million loan for a neighborhood shopping center in Goleta, CA.  Fairview Shopping Center is located at the intersection of Fairview Avenue and Calle Real in Goleta.  The 22-acre site was originally built in 1968 and completely remodeled in 2002.  Owned by Fairview Shopping Center, LLC, the center is anchored by Vons, Bed Bath & Beyond, Orchard Supply Hardware, Michael’s Arts & Crafts, and Rite-Aid.  Significant other tenants include: Union Bank, Wells Fargo Bank, Los Padres National Bank, Radio Shack and Starbucks. 

Jean-Marc Herrouin of Venture West Funding arranged the financing through Goldman Sachs Commercial Mortgage Company.  According to Herrouin, "The funds will replace a maturing loan Venture West Funding arranged 10 years ago. The new 10-year fixed rate is nearly 2% below the current debt which significantly improves the property cash flow.  This large loan is an example of our ability to offer a diverse array of real estate financing options to our clients."

Venture West Funding, Inc. is a full-service mortgage banking firm that specializes in multi-family, commercial and single-family financing and provides every client with highly personalized guidance, tailored mortgage solutions, and efficient service.  The firm was founded more than 15 years ago and has placed more than $7.9 billion in loan originations since 2001. Venture West Funding is headquartered at 2301 Rosecrans Avenue, Suite 3170, El Segundo, California 90245 (310.706.4450). The firm also maintains a full-service office in Orange County at 31371 Rancho Viejo Road, Suite 101, San Juan Capistrano, California 92675 (949.218.4002). 

CONTACT:     

Venture West Funding, Inc.                                       

Jean-Marc Herrouin

 

310.848.6018

jherrouin@ventwest.com

www.venturewestfunding.com                                                   

or

Santley Associates

Tom Santley

626.441.1445

tsantley@socal.rr.com

 

Published: September 09, 2013

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

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