$9.8 M CONSTRUCTION LOAN FOR APARTMENT DEVELOPMENT
Transaction Description:
$9,800,000 CONSTRUCTION LOAN FOR APARTMENT DEVELOPMENT
Construction Loan (Ground-Up)
25-Unit Infill Development (For Rent)
Los Angeles, California
80% LTC
Fixed Rate
Closed at Proposed Terms
New Lender Relationship
Mandri has deep experience in arranging construction loans for apartment developments. In this case, Mandri performed an exhaustive market survey to identify a well-capitalized private lender with a nuanced understanding of the submarket and sponsor’s business plan. Mandri’s deep relationships with the most capable and competitive construction lenders nationwide provide certainty of execution.