Venture West Funding Arranges $14.65 Million Loan on Lowe's Home Improvement Center in Anaheim, CA
Southern California-based Venture West Funding, Inc. announced it has arranged a $14.65 million loan for a Lowe's Home Improvement Center in Anaheim, CA. The borrower is Anaheim Gateway Anchor Parcel, LLC, which is owned and operated by Robertson Properties Group. The security for the loan consists of a leased fee interest in the Lowe's Home Improvement Center. The 135,192-sq. ft. building is situated on a 12.6-acre site encumbered by a long-term ground lease. The Lowe's building is part of a larger neighborhood shopping center known as Anaheim Gateway Center. It is located at the northeast quadrant of Lemon Street and the 91 Freeway in Anaheim. The freestanding retail warehouse building is one of the anchor tenants of the center.
Matt Douglas of Venture West arranged the financing through Keystone Mortgage, a correspondent for Americo Life of Kansas City, MO. According to Douglas, "Given Lowe's outstanding credit, we were able to arrange a 20-year, fully amortizing fixed rate loan at a very low interest rate and extremely high leverage. This large loan is an example of our ability to offer a diverse array of real estate financing options."

Venture West Funding, Inc. is a full-service mortgage banking firm that specializes in multi-family, commercial and single-family financing and provides every client with highly personalized guidance, tailored mortgage solutions, and efficient service. The firm has headquarters at 2101 Rosecrans Avenue, Suite 1225, El Segundo, CA (310/364-3131) and an Orange County office at 9 Executive Circle, Suite 200 in Irvine (949/475-5573).