Los Angeles Real Estate News
El Segundo Apartment Buildings Refinanced for $51 Million
Venture West Funding Inc., an El Segundo mortgage company has arranged the refinancing of loans on two apartment buildings totaling 120 units for nearly $51 million. The 3-year, interest-only loans, at a 7-year fixed rate are being utilized by the borrower and developer of the newly constructed buildings, Wesiman Residential of Sawtelle, to pay off construction loans. See Article.