$46,100,000
Perm Loan
250-Unit Multi-Family
Beverly Hills, West Hills and Sherman Oaks, CA
HRC secured a $46.1 million forward commitment for permanent financing arranged through a national pension fund. The buildings were in lease up, having been recently constructed or renovated, and the borrower wished to lock in a fixed rate. The loan was structured with an initial funding and an earnout to be released upon stabilization.