VWF Arranges $12.529 Million in Loans on Nine Northern California Apartment Buildings
El Segundo, CA - (BUSINESS WIRE) – November 7, 2014 - Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it arranged $12.529 million in loans for the refinance of nine multi-family properties in Concord, Hayward, Oakland, and San Leandro, CA. The nine buildings total 206 units and are exceptionally maintained and professionally managed. The borrowing entity is the Marr Family Trust, the owner of Community Realty Property Management Incorporated. Community Realty Property Management is a Northern California property management company with an extensive single-family and multi-family portfolio.
Matt Douglas and Jean-Marc Herrouin of Venture West Funding arranged the financing through Union Bank and Banc of California. The loans have competitive 3 and 10-year fixed rates with significant cash-out. Additionally, the financing features flexible pre-payment structures and low 3rd party fees to provide further value for the client. According to Matt Douglas, "Together with our portfolio lenders, we were able to provide the borrower with competitive loan terms and rates on all nine properties. The refinances provide our borrower substantial cash-out and flexibility to support their successful real estate investment strategy.” The Venture West team worked closely with the borrower and lenders to ensure a successful and efficient loan closing.
Venture West Funding was founded more than 18 years ago and has placed more than $8 billion in loan originations since 2001. Venture West Funding is one of the largest firms of its kind operating throughout Southern California, and specializes in providing mortgage loans secured by multi-family, commercial properties and single-family homes to a wide variety of borrowers. 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).
Venture West Funding, Inc.
Matt Douglas, 310-706-4462
Jean-Marc Herrouin, 310-848-6018
Published: November 07, 2014