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California  + Los Angeles  + Finance  | 

NorthMarq Delivers $52M in Financing for Ventura MF

San Mateo-based JB Matteson, Inc. received $51.5 million in permanent debt to refinance Vanoni Ranch Apartments, a 316-unit garden-style apartment and townhome community located in Ventura. The 10-year term is structured with interest-only debt service payments for the full term.

NorthMarq’s Dennis Williams and Tom Wight arranged the non-recourse financing through a correspondent life insurance company on behalf of the sponsor. The timing of the transaction took place during the coronavirus pandemic. The loan was quoted prior to the shelter-in-place order and the borrower was able to secure a 2.75% fixed interest rate through a five-month forward rate lock.

The apartment community features side-by-side washer/dryers, nine-foot ceilings, NEST thermostats, roman bathtubs, and spacious walk-in closets. Amenities compete with the top of the market and offer residents 24-hour access to a fitness center, yoga room, barbeque and picnic area, pool and spa, business center, and lounge.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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