<div id="readability-page-1"><div> <div> , /PRNewswire/ -- VF Developments, LLC, a minority and female owned and run company, has completed a refinance of five multifamily properties in central Los Angeles with new loans totaling $7.8 million. The apartment homes are all located around Downtown Los Angeles and are featured on the VF's website - https://vf-developments.com/ and Instagram page https://www.instagram.com/vfdevelopments. Property video tours below:830 Bartlett Street (Chinatown)- https://www.youtube.com/watch?v=99mDZAVobYM Continue Reading <div> <div> <div> <div> <figure> <img id="imageid_2" src="https://imageproxy.pbkrs.com/https://www.prnewswire.com/news-releases/null?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.prnewswire.com/news-releases/null"/> <figcaption> 830 Bartlett Street </figcaption> </figure> <figure> <img id="imageid_2" src="https://imageproxy.pbkrs.com/https://www.prnewswire.com/news-releases/null?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.prnewswire.com/news-releases/null"/> <figcaption> 920 Everett Street </figcaption> </figure> </div> </div> </div> </div> 920 Everett Street (Chinatown) - https://www.youtube.com/watch?v=I3RowFLnvR4 995 N Oxford Avenue (Hollywood &amp; Sunset) - https://www.youtube.com/watch?v=0Uxgf3ea1E42511 Pennsylvania Avenue (Boyle Heights) - https://www.youtube.com/watch?v=eTW5JxDk8Tg5667 La Mirada Avenue (Hollywood &amp; Sunset) - https://www.youtube.com/watch?v=W5JRNaMVJ3wAxos Bank provided the takeout refinance loans for the five-property portfolio that totaled $7.8 million. The team of Michael Derk, Linsey Farrahi, Daizy Gomez, Zack Metzner of Marcus &amp; Millichap Capital Corporation sourced the lender for the refinancing. Freedom Financial and First Entertainment were paid off in full with the new loans.As a first-generation Asian American female and a leader and trendsetter in the Halloween costume and lingerie industry, Victoria Venice Vu has taken her passion and trend setting skills in fashion design and business and applied them to real estate development. In 2015, she founded and is Managing Partner of VF Developments, LLC.VF Developments, LLC strives itself with strength, honor, and integrity to provide emerging neighborhoods throughout Los Angeles and Orange Counties to develop Class &#34;A&#34; building and design finishes at affordable market rents to our new residents. VF Developments, LLC has acquired and transformed dozens of properties to throughout the region in high demand, gentrifying areas in Los Angeles and Orange Counties.Victoria Vu, a renowned designer and Managing Partner of VF Developments, LLC carefully designed and restored the rental homes. Ms. Vu was formerly a leading Halloween costume designer and is a graduate of the prestigious Fashion Institute of Design &amp; Merchandising. These luxury rental homes feature keyless entry door locks to spacious one-, two- and three- bedroom floor plans with newly modernized kitchens, bathrooms and in-unit washer and dryers. The kitchens boast white stone quartz countertops with brand new self-closing cabinetry and high-end stainless-steel Whirlpool refrigerators with matching gas cooktop with oven and microwave. Bathrooms have been enhanced with new bathtubs and glass shower doors with designer touches. The apartment homes are separately metered with 10 onsite parking spaces. All have Walk Scores of 85 out of 100 or better - a Very Walkable location so most errands can be accomplished on foot. Ms. Vu noted &#34;We have worked very hard to renovate these units to welcome our new incoming residents home. We enjoyed transforming these units into modern day living spaces. The team that completed the renovations on the units were entirely locally based minority vendors, employees, and contractors. Many were military veteran and women owned business. We are proud to create jobs in the downtown Los Angeles area for minorities, significantly improve the community, and provide more affordable housing.&#34;Victoria Vu commented, &#34;The past five years in Los Angeles have been very challenging for a multifamily owner. First, the Covid pandemic hit in early 2020. And then LA instituted a series of eviction moratoriums for almost four years which resulted in many tenants electing not to pay rent for years. There were also no rent increases allowed for several years while inflation took its toll on operating expenses. Insurance costs skyrocketed with State Farm pulling out of California. We are happy to say we survived this difficult period, the properties all look amazing, and all lenders were paid off in full.&#34;Ms. Vu added, &#34;This is just the start to a new beginning – We are in the process of obtaining our California class B general contractors license and are planning to build ground up ADUs (accessory dwelling units) in the large vacant parking areas with a very affordable rent.&#34;About VF Developments: VF Developments, LLC hunts for investment opportunities and creates significant value for our clients and investors. We manage a multitude of processes including finding unique, off market opportunities, syndicating properties, and overseeing renovations with our team. With a solid design background from the Fashion Institute of Design &amp; Merchandise, Victoria along with her foreign team converts her extensive fashion design skills into unique architectural and interior compositions transforming distressed multi-family properties into modern, award-winning market-ready apartment home communities. These stunning building transformations are featured here on Instagram: https://www.instagram.com/vfdevelopments.VF Developments strives to provide neighborhoods in gentrifying areas of Los Angeles and Orange County Class A building design finishes at accessible and affordable market rents to future tenants. VF prides itself with the opportunity to create modern living to add value to its communities. With properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area and Orange County region. VF manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovations, and using unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities. VF seeks value add investment opportunities and creates significant value for clients and investors. VF Developments is an entrepreneurial company specializing in acquiring, renovating, and managing multifamily properties in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF also completes significant renovations that modernize and transform dated properties into cutting edge, high quality, best in class living environments - ultimately creating substantial value enhancement for its investors. Videos of the stunning communities can be seen here - https://www.youtube.com/@vf-developmentsFounded in 2015, Victoria has amassed a portfolio of over $90M worth of income properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area. She manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovation, and ultimately selling the properties for a considerable profit. With a solid design background from the Fashion Institute of Design &amp; Merchandise, she converts her extensive fashion design skills into unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities.Media Contact: Victoria V. Vu [email protected] Costa Mesa, CA USA 310.901.1189SOURCE VF Developments LLC<img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjUwODEyJk5ld3NJdGVtSWQ9UEg0OTc4MyZUcmFuc21pc3Npb25fSWQ9MjAyNTA4MTIxMTUxUFJfTkVXU19VU1BSX19fX19QSDQ5Nzgz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjUwODEyJk5ld3NJdGVtSWQ9UEg0OTc4MyZUcmFuc21pc3Npb25fSWQ9MjAyNTA4MTIxMTUxUFJfTkVXU19VU1BSX19fX19QSDQ5Nzgz"/></div> </div></div>

VF Developments, LLC has successfully refinanced five multifamily properties in central Los Angeles, securing new loans totaling $7.8 million. The refinancing was facilitated by Marcus & Millichap Capital Corporation, allowing the company to pay off previous lenders in full. Founded by Victoria Venice Vu, the company focuses on developing affordable Class "A" housing in gentrifying neighborhoods. The renovated properties feature modern amenities and have high walkability scores. Vu emphasized the challenges faced during the pandemic and expressed optimism for future developments, including plans for accessory dwelling units.

11:51 ET VF Developments Completes Five Multifamily Property $7.8 Million Refinance in Los Angeles with Regional Bank