Banks help religious groups finance new uses for old properties.(Temple of the Arts renovates Wilshire Theatre)

From: Los Angeles Business Journal | Date: February 13, 2006| Author: Berry, Kate | Copyright information

For years, the Wilshire Theatre in Beverly Hills looked like a dilapidated relic on Wilshire Boulevard, just another old, rundown movie house that seemed destined for demolition.

But the theater is poised for a $20 million makeover by Temple of the Arts, a Jewish reform congregation that recently bought the art deco vaudeville house-after arranging financing from First Bank of Beverly Hills, one of the few banks in the country that has a unit that specializes in lending ...

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