EL SEGUNDO, CA—Venture West Funding Inc. has arranged loans for five apartment buildings in the West Los Angeles area, totaling $20.2 million. Chase Bank, Sterling Savings Bank, and Capital Source Bank funded the various loans. Moss and Company manages all the properties.
“We were able to maximize loan proceeds through aggressive, common-sense underwriting,” said Matt Douglas of Venture West Funding, in a statement. “The borrowers timed their refinancing well in this low interest rate environment.”
In total, the five properties total 116 units. Built between 1959 and 1968, the similar properties are situated in affluent communities, close to entertainment and dining options. Units range in size from 600 sq. ft. to 1,500 sq. ft.