$5,000,000 LUXURY RESIDENTIAL APARTMENT CONSTRUCTION
Transaction Description:
$5,000,000 LUXURY RESIDENTIAL APARTMENT CONSTRUCTION
Construction Loan (Ground-Up)
5-Unit Luxury Townhome Development (For Rent)
Architecturally – Significant Design
West Hollywood, California
65% LTC
Sub-4.00% Rate
Signed up during Covid
Closed at proposed terms
Mandri has deep experience in arranging construction loans for apartment developments. In this case, Mandri meticulously prepared a submarket survey to prove out high-end residential tenant demand, and then leveraged a long-standing bank relationship to successfully close a construction loan for a new ultra-luxury residential rental development. At the time, most bank lenders shut down operations due to covid. Mandri’s deep relationships with the most capable and competitive construction lenders nationwide provide certainty of execution.