Los Angeles, CA - Mixed-Use
Arranged $66,700,000 of pre-development and ground-up construction debt for a 208 unit mixed-use multifamily development in Los Angeles. The transit-oriented, five story building will include approx. 25,000 SF of ground floor retail. Sunrise was able to procure a private lender that was comfortable with the unique public-private partnership structure and high LTC request. The 3+ year fixed rate loan was structured to allow the sponsor to complete both the pre-development and vertical phases under one facility.