$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.