Hawthorne Savings Funds $16,240,000 Million Construction Loan in Encino
14 Abril 2004 - 9:08PM
PR Newswire (US)
Hawthorne Savings Funds $16,240,000 Million Construction Loan in
Encino EL SEGUNDO, Calif., April 14 /PRNewswire/ -- Hawthorne
Savings, F.S.B. ("Hawthorne"), a subsidiary of Hawthorne Financial
Corporation , announced today the funding of a $16,240,000
construction loan on Lindley Avenue in Encino for Villa D'Este,
LLC. The developer will raze existing structures on the site and
replace them with a 129-unit luxury apartment building totaling
140,413 square feet adjacent to the 101 freeway and between the
major crossroads of Oxnard Street, Balboa Boulevard and White Oak
Avenue. Interiors will feature hardwood floors, granite counter
tops, gourmet appliances, tiled kitchen and bath flooring, cultured
marble bath vanities, stacking washer/dryer and walk-in closets.
The building will have a contemporary facade and there will be a
courtyard finished with slate stone flooring. Hawthorne has funded
three other loans for the borrower, a customer since 2001. About
Hawthorne Savings Hawthorne Savings, F.S.B., an El Segundo,
California-based financial institution, and federally-chartered
savings bank, was incorporated in 1950 and commenced operations on
May 11, 1951. The Bank's 15 full-service retail branches are
located in the coastal communities of Southern California, from
Westlake Village to Mission Bay in San Diego, with its newest
branches located in Baldwin Hills and Irvine. Hawthorne maintains a
strong presence in the South Bay region of Los Angeles County and
was voted 'Best Bank in the South Bay' for three of the last four
years. Hawthorne also specializes in real estate secured loans
within the markets it serves. Loan types comprise: 1) permanent
loans collateralized by single family residential property, 2)
permanent loans secured by multi-family residential and commercial
real estate and 3) loans for the construction of multi-family
residential, commercial and individual single family residential
properties and the acquisition and development of land for the
construction of such projects. The Company funds its loans
predominantly with retail deposits generated through its fifteen
full service retail offices and FHLB advances. For more
information, please call 888-TRUE-411 or visit the bank online at
http://www.hawthornesavings.com/. DATASOURCE: Hawthorne Savings,
F.S.B. CONTACT: Michelle Menna, Marketing Liaison of Hawthorne
Savings, F.S.B., +1-310-725-1866 Web site:
http://www.hawthornesavings.com/
Copyright
Hawthorne (NASDAQ:HTHR)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Hawthorne (NASDAQ:HTHR)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Hawthorne Finl (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Hawthorne Finl (MM)