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• Recently Constructed Res Project in L.A.’s Koreatown Area Lands $41.5 Mil Refi
5/10/21
A CBRE Global Investors-sponsored fund has locked up a $41.5 mil refi loan on Mariposa on 3rd, a recently built apartment building in Los Angeles. The floating-rate loan has an initial term of three years and can extend up to...
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• Cruzan Secures $35 Mil Refi on Del Mar Heights Office Asset
5/10/21
Cruzan has refinanced Plaza Del Mar, a two-building, 117.5k sf office property in the Del Mar Heights submarket of North County San Diego. The new $35.3 mil loan was arranged by Mark McGovern, Scott Peterson, Brian Cruz and C...
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• Phase 3 Real Estate Partners Inc and Bain Capital Real Estate Land $400 Mil for Construction of Bay Area Life Science Campus
5/04/21
Phase 3 Real Estate Partners Inc and Bain Capital Real Estate have obtained a $400+ mil construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570k sf in the Bay Ar...
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• Commercial Real Estate Financing Briefs
5/03/21
DAVID B. NORTON - David B. Norton Inc arranged $39.3 mil in ground-up financing for the land acquisition and construction financing of a 314-unit garden style apartment complex outside of San Antonio, TX. The development is l...
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• Tower Capital Arranges $21 Mil for Two AZ Hotel to Residential Conversion Projects
4/30/21
Tower Capital arranged $21.3 mil in acquisition and renovation loans for two hotel-to-multifamily conversions in Arizona. The first transaction is a $12 mil acquisition and rehab loan for a four story, 158-key, interior corri...
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• GR Properties USA Starts Work on 139-Unit Res Property Across from Sony Pictures in Culver City
4/29/21
GR Properties USA Inc has obtained $58 mil in financing for a seven-story, mixed-use development across from Sony Pictures Studios in Culver City. The financing, arranged by George Smith Partners (GSP), consists of $42 mil in...
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• Regency Centers Corporation Managed Retail Portfolio Lands $197 Mil Refinancing
4/27/21
A Regency Centers Corporation-managed investment entity has obtained a $197 mil refi on a 10-property, 1 msf retail portfolio located in strategic trade areas in the Washington, D.C., Baltimore, Chicago, San Diego, Los Angele...
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• Madera Residential Purchases 270-Unit TX Res Community
4/23/21
Madera Residential has acquired Alexan Southside, a 270-unit Class A multifamily community located at 4139 Bellaire Boulevard in the inner loop of Houston, TX. The purchase was funded with a $30 mil senior loan provided by PC...
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• Bay Area Waterfront Project Lands $166 Mil in Financing
4/13/21
In a large Bay Area financing deal, NorthMarq has secured $166 mil in debt and joint venture equity for the development of The Launch, a 368-unit waterfront multifamily community in Alameda. The project represents the first j...
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• Comstock Realty Partners and Dune Real Estate Partners Lock Up $52 Mil in Construction Money for San Francisco Redevelopment Project
4/09/21
A joint venture between affiliates of Comstock Realty Partners and Dune Real Estate Partners have obtained $52 mil in construction financing for The Maclac Building, a five-story, 108k sf PDR-zoned redevelopment project in Sa...
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• Kylli Inc Lands $750 Mil in Financing on Its Burlingame Point Office Campus in the Bay Area
4/08/21
Kylli Inc has secured $750 mil in refinancing on its Burlingame Point office campus on the San Francisco Peninsula. The new, state-of-the-art campus is LEED Gold-certified property and consists of four Class A office/R&D/lif...
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• East Hollywood Apartment Development Set to Start with $21.5 Mil Construction Loan
4/02/21
Parkview Financial has provided a $21.5 mil construction loan to Oakwood CA LLC for the development of a 68-unit apartment property in East Hollywood. The fully entitled development, situated on a .68-acre land parcel at 4065...
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• Res Development in L.A.’s Los Feliz Area Lands $35 Mil in Permanent Financing
4/01/21
The 1860 Apartments, an 87-unit multifamily development in L.A.’s Los Feliz area, was refinanced with a new permanent loan for $35 mil, replacing the original construction financing. The five-story development, which includes...
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• Rancho Cucamonga Senior Housing Facility Lands $31 Mil Refi Loan
3/30/21
Merrill Gardens Rancho Cucamonga, a 112-unit senior housing community in Rancho Cucamonga was just refinanced with a new permanent fixed-rate loan for $31 mil.
Built in 2018, the state-of-the-art independent living, assiste...
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• Thorofare Capital Provides $21.5 Mil Construction Loan for LA Area Self-Storage Project
3/29/21
Thorofare Capital has provided a $21.5 mil construction loan for the development of a state-of-the-art, 1,171-space self-storage facility in Van Nuys, on behalf of the project’s owner, Gregg Buskett. The loan will finance the...
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• DJM Capital Secures $45 Mil in New Financing on Retail/Office Property in Newport Beach
3/18/21
DJM Capital has recapitalized Lido Marina Village, a 106k sf, multi-block waterfront boutique retail and office property on Balboa Peninsula in Newport Beach. The $45.6 mil in bridge financing was arranged by George Smith P...
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• Cavan Companies Lands $62 Mil in Construction Money for AZ Res Project
3/15/21
Cavan Companies obtained $62 mil in construction financing for Bungalows on Cotton Lane, a new 336-unit single-story, built-to-rent community situated on 35.34 net acres in Glendale, AZ.
Bungalows on Cotton Lane is located a...
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• Cityview to Move Forward with 296-Unit, Transit-Oriented Res Development Near USC
3/11/21
In development news out of Los Angeles, Cityview has obtained $81 mil in construction financing to develop Adams & Grand, a mid-rise, transit-oriented, multi-housing building within a Qualified Opportunity Zone just south of ...
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• The Ezralow Company Lands $364 Mil in Financing on 15 CA Self-Storage Properties
3/11/21
The Ezralow Company has locked in $364 mil in long-term financing for 15 separate self-storage and industrial assets located in various California submarkets. The commercial mortgages were arranged by Gantry and sourced from ...
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• Reno City Center Renovation Project on Track with $100 Mil Loan
3/10/21
Parkview Financial has provided a $100 mil loan to Reno City Center LLC, an affiliate of Las Vegas-based CAI Investments, for the renovation and redevelopment of Harrah’s Reno Hotel and Casino to a mixed-use project named Re...
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