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

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.