Luxury Apartment Portfolio

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Property:

Portfolio of three luxury apartment projects comprised of 250 units

Location:

Beverly Hills, West Hills and Sherman Oaks, CA

Financing:

$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.

Skills

Posted on

February 20, 2019