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.

Dave Meis and his team at Venture West Funding’s Orange County office
worked closely with the lender to ensure a smooth execution. The loans
were secured at very competitive 5-year fixed rates amortized over 30
years. The four loans provided a significant amount of cash-out to the
borrower. “We were able to maximize loan proceeds through aggressive,
common-sense underwriting,” according to Meis. “The borrower timed their
refinancing well in this volatile interest rate environment.”

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 years ago and has placed
more than $10 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 (949.218.4005).

Contacts

Venture West Funding, Inc.
Dave Meis, 949.218.4005
dmeis@ventwest.com
www.venturewestfunding.com
or
Santley
Associates
Tom Santley, 626.441.1445
tsantley@socal.rr.com

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