Venture West Funding Arranges $17.50MM Loan for King City, CA Industrial Cannabis Refinance
December 05, 2023
Venture West Funding, a commercial mortgage brokerage firm headquartered in El Segundo, CA, is pleased to announce the firm arranged a $17.5 million refinance loan for the Cal-Grow headquarters located at 100 Don Bates Way, King City, CA. Situated on 19.73 acres within the East Ranch Business Park in King City, the 400,320-square-foot building features concrete tilt-up construction with 28 ft clearance and ground-level loading.
This cutting-edge property serves as Cal Grows’ headquarters, a leading California based cannabis company. Functioning as a fully integrated facility covering cultivation, manufacturing, and distribution, Cal Grow stands as a flagship entity within the cannabis industry.
The financing was successfully arranged by Matt Douglas, Principal of Venture West Funding, through Hanmi Bank. Mr. Douglas highlighted Hanmi Bank's ability to tailor the ideal loan structure for their client despite the challenges presented by today’s market. The Venture West team worked closely with both the borrower and the lender for a successful closing.
With a legacy spanning over 27 years, Venture West Funding has facilitated over $12 billion in loan originations over the past two decades. As one of the largest firms of its kind in Southern California, the company specializes in providing mortgage loans secured by apartment buildings, commercial properties, and single-family homes to a diverse range of borrowers. Venture West Funding's headquarters is situated at 2321 Rosecrans Avenue, Suite 1255, El Segundo, California 90245.
