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VENTURA, Calif. — Venture West Funding Inc. has arranged a $24.7 million loan to refinance Ventura Townehouse in Ventura, a coastal city northwest of Los Angeles.
Ventura Townehouse is a luxury seiniors housing community totaling 299 units. Assisted living, memory care and respite care services are available to residents.
Jean-Marc Herrouin of Venture West Funding arranged the financing through Walker & Dunlop. The non-recourse, 10-year, fixed-rate loan includes two years of interest-only payments. The borrower was not disclosed.