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Warren De Haan Of ACORE Capital Provides $34.8M Construction Loan For 4301 Vermont Avenue

Property Image
FINANCED
$34,800,000
WH
Chris Montes

California

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Development Site
Financed 03/03/2025
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Property Image
FINANCED

Warren De Haan Of ACORE Capital Provides $34.8M Construction Loan For 4301 Vermont Avenue

4301 South Vermont Avenue

See Similar Deals
Development Site
Financed 03/03/2025
WH
Chris Montes
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Loan

The asset involved is a development site located at 4301 Vermont Avenue in the Los Angeles market. The property is designated for a 188-unit affordable housing project being developed by SoLa Impact. This five-story complex will feature prefabricated modular units, with 80% allocated for low-income residents.

Summary of transaction details:

This transaction involved Warren de Haan representing ACORE Capital in providing the construction loan, while Chris Montes from Walker & Dunlop arranged the financing. The project's focus is on creating affordable housing, enhancing the community within the Vermont-Slauson neighborhood.

Players

Chris Montes
Walker & Dunlop
Chris Montes
2 deals$36M volume(310) 407-3248
BROKER
WH
Warren de Haan
5 deals$344.6M volume
LENDER
Acore Capital
Acore Capital
LENDER

Details

FINANCED
IMAGE: Warren de Haan, Martin Muoto & Chris Montes DATE: 03/03/2025 ADDRESS: 4301 Vermont Avenue MARKET: Los Angeles ASSET TYPE: Development Site LENDER: Warren de Haan (@WarrendeHaan) - ACORE Capital LANDLORD: Martin Muoto - SoLa BROKER: Chris Montes - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $34,800,000 LOAN TYPE: Construction NOTE: Walker & Dunlop arranged a $34.8M construction loan from ACORE Capital for 4301 Vermont, a 188-unit affordable housing project in the Vermont-Slauson neighborhood. Developed by SoLa Impact, the five-story complex will feature prefabricated modular units, with 80% designated for low-income residents.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,800,000.00

Monthly NOI$232,000.00
Monthly Debt Service$219,959.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00