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Michael Warner Of PSRS Arra...

Michael Warner Of PSRS Arranges $8M Construction Loan For South Central Apartments In Los Angeles
FINANCEDDevelopment Site

Michael Warner Of PSRS Arranges $8M Construction Loan For South Central Apartments In Los Angeles

$8,000,000

Units

48

Asset Type

Development Site

Closing

Feb 6, 2026

AI

South Central Apartments is a development site located in Los Angeles, designated for a ground-up multifamily project with a focus on affordable housing. The asset encompasses 48 units and is incorporated within a market that aims to address housing demands in the area.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $8,000,000
  • Loan Type: Construction
  • Loan Terms: two-year term with full-term, interest-only payments
  • LTV: 65%
  • Broker: Michael Warner - PSRS (Pacific Southwest Realty Services)
  • Date of Transaction: 02/06/2026
  • Market: Los Angeles

Michael Warner from PSRS facilitated the arrangement of $8 million in construction financing for the South Central Apartments project. The loan was executed through a bank and is tailored to support the development of multifamily housing in the Los Angeles region.

Players

Michael Warner

PSRS- Pacific Southwest Realty Services

Broker

$28.2M

vol

4 deals

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93