Archive for June, 2013

Direct Lender Dominion Funds On Two Deals

June 19, 2013 Leave a comment

Dominion Mortgage’s affiliate, Dominion L.A. and The City of Angels Fund, closes on multiple deals.

Dominion made a credit facility available to a client for the purposes of making tenant improvements for a long-term Los Angeles County lease.  “Tenant improvement loans are few and far between,” says Paul Horvitz, Dominion’s President.

Dominion L.A. also was the lender on a preferred equity transaction on a large mult-family project in suburban Los Angeles.  “We like deals with moving parts that require Dominion to utilize its experience, as well as money,” said Keith Olson, Dominion’s Executive Vice President.

Dominion’s lending program could apply anywhere in the country.  “What we did in L.A. County is like my running. As long as I have my feet firmly on the ground, we can run anywhere.”

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