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Village Partners Acquires 350-Unit Mixed-Use Multifamily Development Site With Plans to Commence Construction in Montclair

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. ....

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