The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 24, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Greystar Real Estate Partners and The Resmark Companies Secure $95 Mil in Construction Money for Santa Clarita Res Project

3/29/24

A joint venture between Greystar Real Estate Partners and The Resmark Companies is one step closer to breaking ground on a 259-unit res development in Santa Clarita after obtaining a senior construction loan of $95 mil from Kennedy Wilson. The project will consist of 64 separate three-story build-to-rent townhome units within the mixed-use, master-planned Sand Canyon Plaza community.

Located on the northeast corner of Sand Canyon Rd and Soledad Canyon Rd, the 87-acre Sand Canyon Plaza community is conveniently located off the CA-14 Fwy. Upon completion, it will include parks and open space, a walking trail system, as well as a new 45k sf retail center anchored by Sprouts Farmers Market grocery store, which is also expected to break ground in 2024.

The multifamily units will have access to a state-of-the-art fitness center, a club room and courtyard, game lounge, co-working space, and a fourth-floor sky deck with unobstructed mountain views, while the build-to-rent townhome units will enjoy expansive green space areas, multiple open turf play areas, and a tot lot that will cater to young families renting in the community. A resort-style pool and spa will also be shared by residents of the multifamily and build-to-rent townhome units.

The senior construction loan is the latest to close within Kennedy Wilsonís growing debt platform, which focuses on originating and servicing multifamily construction loans. The debt platform has reached $7 bil in originations and more than doubled in size in the past year.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media