Featured News

Venture West's $7.8 Million Saves Cali Apartments

In troubled economic times, with foreclosures making most of the headlines, it is nice to sometimes read about someone actually receiving a new loan. Four apartment buildings located in Glendale and Pasadena, California will have that chance, thanks to a $7.8 million  finance package from Venture West Funding.

Glandale California and the Verdugo Mountains - Wikipedia

The four buildings have 76 units, 74 of which are occupied, having been built between 1962 and 1978. Venture West was able to arrange the loan through Greystone Servicing Inc., a Fannie Mae delegated underwriting service (DUS), and an FHA lender from Memphis, TN.

By securing 7 and 10-year fixed rate loans, Venture West managed to accommodate the apartments' private owner, who was under the gun to get a new loan as quickly as possible.

“We were able to fully satisfy the borrower’s objectives by securing 7-year and 10-year fixed rate, non-recourse loans with competitive rates and cash-out,” said Jean-Marc Herrouin, senior loan consultant, who, along with Matt Douglas, principal, sealed the deal.

With 13 years of loan experience, Venture West Funding has arranged more than $6 billion in loans for apartment buildings, businesses, and single-family homes. Venture West Funding operates out of Manhattan Beach, California.

Tavis J. Hampton

Recent Posts

Turn Your Dream Home into Reality - How to Find the Perfect Home For You

Dreams are a powerful force that helps people see the unseen. When not acted upon,…

2 hours ago

5 Tips To Consider When Buying Property Abroad

Buying property abroad can be an exciting yet intimidating experience. With all the different aspects…

19 hours ago

How Rental Bonds Work and What They Mean for Tenants

When you sign a lease agreement to rent a property, the landlord will ask for…

1 day ago

ERA REAL ESTATE EXPANDS PRESENCE IN CENTRAL SAN JOAQUIN VALLEY

ERA Real Estate, a global franchising leader within the AnywhereSM portfolio of brands, announced today…

1 day ago

How To Move Cross Country Without Going Broke

Favorite books. Pleasant curly-haired girl packing a pile of books into a big box before…

1 day ago

JPAR® Executive Laura O’Connor Receives Recognition on Swanepoel Power 200

JPAR® Real Estate is proud to announce that Laura O’Connor has been recognized by real…

1 day ago