FEATURED TRANSACTIONS

$26MM Senior Loan – Construction Financing

Client Request

New construction loan request for 121-unit Class-A mixed-use multifamily property located in Los Angeles, CA (Koreatown).

Situation/Challenges

• Transit-oriented development at high-traffic, in-fill location within growing submarket
• Sponsor’s business plan considered positioning as extended stay / corporate housing
• At the time, this was sponsor’s largest development project on the West Coast

Solution

Dekel Capital identified a regional bank lender that recognized sponsor’s development experience in the submarket, as well as sponsor’s capability to execute on a high-end product in a competitive market. Dekel had worked with the lender on a prior construction loan.