$5.0 M CONSTRUCTION LOAN FOR APARTMENT DEVELOPMENT

$5.5 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.