A private developer operating as St. Andrews Place has secured construction financing for a new apartment build in Koreatown. The developer secured $15.9 million for the project through Parkview Financial.

The project is six stories tall with 65 units. It is located on a .34-acre site at 719 St. Andrews Place, and features 51 studios and 14 one-bedroom floor plans with an average size of 451 square feet. Seven units are designated as affordable units.

It is scheduled to deliver in May 2021.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Multifamily
Capital Markets
Development