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THOUSAND OAKS, CA-A private investment group based in Los Angeles has secured $19 million in financing to pay off a construction loan that the owners used to rehab the 77,000-sf Paseo Marketplace retail center at 3636-3749 W. Thousand Oaks Blvd., according to Love Funding Corp. Neal Leviton and Warren Griess of the Los Angeles office of St. Louis-based Love Funding, who arranged the loan, report that the borrowers obtained the financing at an 80% loan-to-value ratio. The five-year, fixed-rate loan amortizes over 30 years and is indexed to the five-year Treasury bill.

The Paseo Marketplace center, which was built in the 1970s and includes executive suites on the second floor, was rehabbed by the current owners in 2001-2003. Its national tenants include BCBG, Melting Pot and Subway, with other tenants including Alessio’s Restaurant and Bellavinos Wine Bar. Love Funding Corp. is one of the Love Cos., an investment holding company with origins dating back to 1875. It commenced mortgage-banking operations in 1984 and offers funding programs for multifamily, retail, office, industrial, hospitality, senior housing and health care properties.

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