19 Units Single-Family Detached Residential Project
Capital Raise Amount: $16,230,000
Financing: Construction Loan
Landmark Capital is pleased to announce the successful closing of a $16,230,000 development and construction loan in Los Angeles, CA. Loan proceeds will be utilized to develop a +/- 1.01-acre site and construct the first phase (19 units) of a 38 single-family detached residential project located in the Koreatown neighborhood of Los Angeles, CA.
Landmark identified a regional bank that had in-depth knowledge of the Los Angeles market and was comfortable with the unique intercreditor deal structure.