Venture West Funding Arranges $14 Million Loan on Shopping Center in Decatur, GA.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif. -- Southern California-based Venture West Funding, Inc. announced it has arranged a $14 million purchase loan on Chapel Hill Commons in Decatur, Georgia. Chapel Hill Commons is a 108,100-square foot (SF) neighborhood retail center built in 2000 and situated on a 16.35-acre site in DeKalb County, Georgia DeKalb County is a county located in the U.S. state of Georgia. As of 2000, the population was 686,712. According to the 2006 U.S. Census Bureau estimate, the county's population had risen to 723,602 [1]. The county seat is Decatur, Georgia6. . The center is anchored by Kroger (64,905 SF) and contains 24 other tenants including Goodyear, Nationwide Insurance and H&R Block. The street address is 4919 Flat Shoals Parkway Flat Shoals Parkway is a road that runs from I-285 to Snapfinger Road in DeKalb County. It is also signed with Georgia State Route 155. Major Interchanges Road(s) intersected Destination(s) Notes and the center is 100% leased. Bill Hain of Venture West arranged the financing with Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. for Sabatini Atlanta Enterprises, Inc. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Hain, "Chapel Hill Commons is located about 10 miles southeast of the Atlanta central business district area in Georgia and is situated in an area that has seen rapid residential growth in the past 10 years. The shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into is located in the southeast quadrant of Flat Shoals Parkway and Flakes Mill Road and the property was purchased for $18 million. Kroger's portion of the site also includes a four-island, eight-pump Kroger gas station." "We have been successful in arranging loans throughout the United States and this large loan is an example of our ability to offer a diverse array of real estate financing options to our clients. Chapel Hill Commons has been purchased by a San Diego, CA resident who is diversifying his portfolio into grocery-anchored retail shopping centers from a core holding of apartment buildings," added Hain. Venture West Funding was founded 10 years ago, and has placed more than $4 billion in loan originations since 2000. Venture West 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 is headquartered at 2301 Rosecrans Avenue, Suite 3100, El Segundo, California
El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census. , 90245 (310.706.4450). The firm also maintains a full service office in Orange County at 2 Park Plaza, Suite 220, Irvine, California (949.475.5573). |
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