Los Angeles, CA

$19,900,000 First Mortgage

In July 2022, a $19.9 million first-lien acquisition loan was originated for a 33-unit luxury multifamily property located at 636 and 642 North Juanita Avenue in the Virgil Village neighborhood of Los Angeles. The asset is a boutique multifamily property situated in a gentrifying submarket adjacent to Silver Lake, with a business plan focused on stabilizing in-place cash flow and long-term residential value.