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Los Angeles Real Estate News

El Segundo Apartment Buildings Refinanced for $51 Million

Dec 7, 2017

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.