Genesis Capital Provides $15,720,500 Construction Loan For Development Site In Los Angeles

The property asset involved is a development site located at 7115 West Manchester Avenue in the Los Angeles market, comprising a total of 36 units. The loan amount secured for the development is $15,720,500, classified as a construction loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $15,720,500
• Address: 7115 West Manchester Avenue
• Market: Los Angeles
• Units: 36
• Lender: Genesis Capital
• Brokers: Chad Morgan, Keaton Yellin & Thomas Gonzalez - JLL
• Loan Type: Construction

The key individuals involved in this transaction are Chad Morgan, Keaton Yellin, and Thomas Gonzalez, who represent the deal through their brokerage, JLL. They have played a pivotal role in facilitating the loan from Genesis Capital for this development project.