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1/29/24
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Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, market rate, Class A development will rise at 200 E. First American Way, near the 55/405 Fwy interchange, across from First American Title’s HQ. This strategic location is at the confluence of Orange County’s top professional submarkets, Irvine and South Coast Metro.
Gantry’s George Mitsanas and Amit Tyagi secured the financing on behalf of Legado Companies. Gantry’s production team underwrote the complex financing in three tranches with three of the firm’s correspondent life company lenders to maximize LTC proceeds. Gantry will service all three loans during construction and once converted to permanent loans.
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