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VWF Arranges $17.5 Million Loan on Pico Rivera, CA Industrial Building

July 19, 2011

Venture West Funding, Inc., a mortgage company headquartered in El Segundo, CA announced it has arranged $17.5 million for the refinance of an industrial building in Pico Rivera, CA.  Matt Douglas of Venture West Funding arranged the financing through Prudential Mortgage Capital for an affiliate of Robertson Properties Group based in West Los Angeles. 
The 372,164-SF warehouse and distribution facility is located at 8462 East Whittier Blvd. in Pico Rivera, CA and is 100% leased by three tenants – CHEP, Bimbo Bakeries, and Bay Cities Container Corp.  All three tenants have occupied the building since it was constructed in 2002 by Robertson Properties Group.
According to Douglas of Venture West, “We secured a 10-year fixed, non-recourse loan amortized over 30 years at a rate under 5%. This lender offered the most competitive rates and greatest flexibility for our borrower.”
Venture West Funding was founded more than 14 years ago and has placed more than $7.1 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 apartment buildings, 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).
Contacts:
Venture West Funding, Inc.
Matt Douglas
Direct 310.706.4462
mattd@ventwest.com
www.venturewestfunding.com
or
Santley Associates
Tom Santley
Phone or Fax 626.441.4594
tsantley@socal.rr.com

 

 

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