$18.1M CONSTRUCTION LOAN FOR APARTMENT DEVELOPMENT (AFFORDABLE, ED-1)
Transaction Description:
$18,100,000 CONSTRUCTION LOAN FOR APARTMENT DEVELOPMENT (AFFORDABLE, ED-1)
Construction Loan (Ground Up)
89-Unit Infill Development (For Rent)
Los Angeles, California
65% LTC
Existing Lender Relationship
Recourse Burndown at Certificate of Occupancy
Mandri specializes in arranging construction financing for apartment developments, including market-rate and affordable housing projects (ED-1). With established relationships with the most competitive construction lenders nationwide, Mandri delivers certainty of execution and expedited loan closings.