NEWPORT BEACH, CA - A joint venture between Village Partners Ventures of Newport Beach, California and The Bascom Group of Irvine, California has closed on a construction loan and six acre land acquisition for a mixed-use project at 5050 Arrow Highway, Montclair, California. JLL's capital markets team in Newport Beach, led by Mark Erland and Matt Benson, secured a $77 million construction loan from Citizens of Providence, Rhode Island for construction of the project. The land purchase price...