VENTURA, CA—Ventura Heritage Corp. ha secured a $30.6-million construction loan to cover a portion of the construction costs for its development Island View Apartments, a class-A multifamily property with 154 units. U.S. Bank funded the loan, which has a three-year term and two 12-month extension options.

“There were several institutions interested in providing the funds,” Marina Massari, EVP on CBRE‘s capital markets’ debt and structured finance team, tells GlobeSt.com. The borrower is very experienced in this market, which has a limited supply of new multifamily product.” Massari secured the funds on behalf of the borrower along with her CBRE capital markets colleague Sharon Kline, EVP. Both are located in CBRE’s Newport Beach office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.