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

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:

• Property Type: Development Site
• Transaction Amount: $34,800,000
• Lender: Warren de Haan - ACORE Capital
• Landlord: Martin Muoto - SoLa
• Broker: Chris Montes - Walker & Dunlop
• Loan Type: Construction

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.