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.
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