Finance & Investment - Los Angeles
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LA Senior Communities Receive $19M Mortgage Financing
The funding, obtained through the company's bond purchase program, will be used for the acquisition, rehabilitation and permanent financing of three affordable developments.
17 August 2017 16:24 -
Continental Partners Secures $19M for L.A. Assets
The capital will finance development, refinancing and acquisition of properties in the Westlake and East Hollywood neighborhoods.
04 August 2017 19:45 -
Walker & Dunlop Closes $289M Financing for CA Portfolio
The properties comprise nearly 2,200 units in four major markets. Of the 21 properties, 11 have Section 8 HAP contracts to provide affordable housing, and 10 qualify for Fannie Mae's Green Rewards Program.
02 August 2017 15:44 -
George Smith Secures Financing for Hollywood Condo Conversion
The $4.5 million loan will be used by Friedman Capital to purchase and transform Patio del Moro into a condominium. The historic asset was once home to celebrities such as Charlie Chaplin or Humphrey Bogart.
02 August 2017 14:03 -
Joint Venture Acquires LA Communities
Strategic Housing Partners and Rockpoint Group have acquired two portfolios and an additional community, totaling more than 1,200 units.
27 July 2017 17:58 -
Sunset Boulevard Condos Secure $21M Loan
A joint venture obtained the financing for a new-construction condo project in the Silver Lake neighborhood of Los Angeles.
26 July 2017 08:18 -
Historic DTLA Mixed-Use Scores $32M Refi
Quantum Capital Partners secured the 10-year interest-only, non-recourse loan for the Metropolitan. The adaptive reuse offers 88 high-end loft units and 45,000 square feet of retail space.
21 July 2017 13:52 -
Changing the HVCRE Rules: What to Expect
In a strict lending environment, the clarification of High Volatility Commercial Real Estate (HVCRE) regulation could help improve loan terms for investors and developers. However, the long-awaited changes, stipulated in a bill referred to the House Financial Services Committee, have little chance of being approved and implemented, Alston & Bird's Gregg Loubier told MHN.
18 July 2017 18:29 -
On the Market: 5 Interesting Listings for the Week of 7/10
This week's listings include a 1930s-era asset in Los Angeles and a three-unit brownstone on a tree-lined block in Jersey City, N.J.
14 July 2017 14:25 -
Sussex Capital Snags LA Community
Avison Young brokered the deal, which amounted to $450,000 per unit. The property, called Hillpointe, includes 30 units in Hollywood Hills.
11 July 2017 14:08 -
Aimco Buys Out Palazzo JV Partners for $452M
The company sourced funds for the acquisition by taking title subject to existing allocable debt and using cash proceeds from the pending sales of some of its assets in the Northeast.
11 July 2017 12:43 -
LA Koreatown Community Trades for $9M
Lion Real Estate Group sold Kingsley Tower, a 45-unit apartment building it acquired in 2012 for $4.2 million and then repositioned.
03 July 2017 16:00 -
George Smith Secures $27M for Hollywood Community
Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.
28 June 2017 15:22 -
The Positive Impact of the Interest Rate Hike
CityView’s Sean Burton discusses the effect of an increased supply of multifamily units and explains why higher interest rates could spur more development.
20 June 2017 18:21 -
Decron, Sequoia Trade CA Assets in $193M Transaction
Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron's Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.
08 June 2017 14:42