Woodland Hills Shopping Center Proud of Its New Loan
- Aug 12, 2015
By Alex Girda, Associate Editor
18-year-old company Venture West Funding recently worked to provide the Pride Center in Woodland Hills with a new financing deal. The El Segundo-based mortgage company arranged $10.2 million in financing for the retail property.
Located at Victory Boulevard and Fallbrook Avenue in L.A.’s Woodland Hills submarket, the shopping center occupies 13.88 acres of land in the vicinity of the Woodland Hills Recreation Center. The property totals 185,265 square feet of retail space. The Pride Center is currently anchored by CVS and HomeGoods, while the property tenant roster also features Pep Boys, Albertsons, Bank of America, Tuesday Morning, Harbor Freight Tools and Jo-Ann Stores.
Owner Pride Center Co. LLC worked with Venture West Funding representative Jean-Marc Herrouin during the financing process. The funds were sourced through Farmers & Merchants Bank. Herrouin said of the loan: “This particular program has no prepay, which provides the borrower with ultimate flexibility.”
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