Project Lands Development

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$14,700,000 Multifamily Loan from Bank

City: Los Angeles, CA
Loan amount: $14,700,000
Lender type: Bank
Property type: Multifamily
Size: 18 Units

Transaction description

Jacob Lee of PSRS arranged $14.7 million in construction financing for a co-living development in Los Angeles, CA. The planned development will be composed of 18 units and 79 beds. The property is located in the desirable neighborhood of West LA with great walkability to the area’s best amenities. Financed with bank execution, PSRS provided its borrower with a 24-month interest-only loan term.

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