LOS ANGELES, CA-Johnson Capital has arranged three loans worth $33 million for a trio of Westside multifamily projects. The non-recourse loans were provided by Freddie Mac.
The non-recourse loans have a loan-to-value ratio of 75% and carry a fixed-rate for seven years.
Located in Brentwood and “Beverly Hills Adjacent,” the properties are high-end complexes completed in 2006 and 2007 at condominium-level construction standards. The owner is a Los Angeles-based family that was not identified.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
