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4/14/25
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19420 SE 20th St, Camas, WA |
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GANTRY -- Blake Hering and Abi Hunter with Gantry arranged an $11 mil permanent loan to refinance maturing debt for the Grandview Place Apartments, located at 19420 SE 20th St in Camas, a suburb of East Vancouver, WA, directly across the Columbia River from Portland. The apartment community contains 154 units across 21 buildings on 6.5 acres of land with a mix of one-, two-, and three-bedroom floorplans. The luxury apartment community features a resort style pool and clubhouse, fitness club facilities, executive business center, modern unit interiors, and onsite storage units among other amenities. The 10-year, fixed rate loan was secured through a life company lender and features a 30-year amortization. Gantry will service the loan.
JLL CAPITAL MARKETS -- Brad Vansant and Ben Choromanski with JLL Capital Markets arranged $10.1 mil in short-term, floating rate bridge financing for North Park Nest, a 39-unit multifamily property in San Diego, on behalf of Naturally Affordable Housing. North Park Nest, located at 4233 Kansas St in the city’s North Park neighborhood, offers a prime location with a "Walker's Paradise" score of 98. The community is situated near popular amenities, restaurants and the North Park Community Park, appealing to those seeking urban living with easy access to local attractions. The newly constructed four-story property features a mix of studios and one-bedroom units, with an average size of 486 sf and spacious 11-foot ceilings. Amenities include air conditioning, stainless-steel appliances, in-unit washer/dryers and a rooftop deck with a BBQ and lounge area.
AVATAR FINANCIAL GROUP -- Avatar Financial Group LLC has provided a $9.5 mil bridge loan secured by a luxury single-family residence in Manhattan Beach. The loan carries a nine-month term, a 10.99% initial interest rate, and a 62% loan-to-value. The borrower, who had a short-term extension from their current lender, sought new financing to provide additional time to complete the sale of the property. The new loan includes a six-month payment reserve, ensuring financial flexibility while the home remains on the market. Located at 934 1st St in Manhattan Beach’s exclusive Hill Section, the 6.9k sf residence sits on a 10.2k sf lot, offering expansive unobstructed ocean views stretching to Catalina Island and the Palos Verdes Peninsula. The three-story structure features six bedrooms and nine bathrooms and is custom-designed to seamlessly integrate indoor and outdoor living, with multiple ocean-facing terraces, an infinity lap pool, a spa, and a spacious lawn. Inside, the home showcases high-end finishes, floor-to-ceiling glass doors, a gourmet kitchen with a separate prep kitchen, a home theater, a gym, and a 10-car garage.
BOLOUR ASSOCIATES / MERIDIAN CAPITAL GROUP – Bolour Associates has provided a $5.7 mil, 24-month loan for the purchase and renovation of a 19-unit multifamily property in the heart of Los Angeles. Located at 626 N. Flores St, just off of La Cienega Blvd and Melrose Ave, the property totals 23.6k sf. It contains 19 units, with a mix of one- and two bedroom-units along with a two-bedroom penthouse with views of the Hollywood Hills. The borrower is planning renovations to the vacant units. David Oheb and Max Jacobson of Meridian Capital Group represented the borrower in the transaction, which provides the borrower with proceeds to secure the acquisition and additional funds to begin renovations. The loan was funded through Bolour’s affiliate, BA Debt Fund LLC.
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