$5.0 M CONSTRUCTION LOAN FOR APARTMENT DEVELOPMENT
Transaction Description:
$5,000,000 CONSTRUCTION COMPLETION LOAN FOR MID-CONSTRUCTION APARTMENT DEVELOPMENT
Construction Completion Loan
16-Unit Infill Development (For Rent)
Los Angeles, California
75% 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 highlighted the borrower’s construction capability to complete a partially built project in Los Angeles. Mandri and all parties navigated a court-ordered sale process. Mandri’s deep relationships with the most capable and competitive construction lenders nationwide provide certainty of execution.