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CULVER CITY, CA-An affiliate of Malibu-based Weintraub Financial Services has acquired a 60-unit apartment complex, helped by a quick closing on the acquisition loan. Venture West Funding of El Segundo reports that the nearly $8.13-million loan closed in 21 days.

The apartment complex is at 3902, 3910 and 3920 Lenawee Ave. and was built in 1957. It consists of garden-style apartments ranging from one to three bedrooms, with a swimming pool, several laundry rooms and 64 parking spaces.

Matt Douglas of Venture West Funding arranged the loan with lender First Federal Bank. The Weintraub affiliate that bought the building was Hyde Park Ltd., which was represented by Kitty Wallace of Sperry Van Ness, who also represented the private seller.

Weintraub develops and invests in multifamily, office and other commercial real estate properties, including historical renovations and projects known for their architectural interest. Among its current projects is the Californian, a sold-out, 23-story condominium building in the Wilshire Corridor area of Los Angeles.

Other Weintraub projects include a 152,000-sf office/industrial building in Warner Center that is soon to be converted to an 800-unit residential community, and an adaptive reuse of the former St. Vibiana’s Cathedral in Downtown Los Angeles called 2 Main.

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