Buchanan Mortgage Holdings Provides $18 Million Bridge Loan To Ventus Group For Development Site In Los Angeles

The property involved is a development site located at 3822 South Figueroa Street in Los Angeles. This site consists of a 13-parcel assemblage and is positioned across from USC. The lender for this transaction is Buchanan Mortgage Holdings, which provided financing for the project aimed at developing a 209-unit student housing facility, along with renovations of historic apartments and new accessory dwelling units (ADUs) targeted towards USC students.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,000,000
• Lender: Buchanan Mortgage Holdings
• Landlord: Ventus Group
• Loan Type: Bridge
• Date of Transaction: 09/29/2025

Key figures in this transaction include Ventus Group as the landlord, who is responsible for the property development process. Buchanan Mortgage Holdings, as the lender, facilitated the bridge loan to support the project's financial requirements, helping to realize the vision for a significant student housing development in proximity to USC.