Ted Nasca Of Lument Provides $74M Refinance Loan For Astra Apartments In Inglewood

215 East Regent Street is a 243-unit Class A mixed-use asset located in Inglewood. The property has undergone refinancing, focusing on its position within a rapidly growing market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $74,000,000
• Lender: Ted Nasca - Lument
• Landlord: Zach Zalben - Black Equities
• Loan Type: Refinance
• Loan Terms: five-year, interest-only

The refinancing deal, facilitated by Ted Nasca, replaces construction debt for Black Equities and provides full interest-only financing along with cash-out proceeds for their long-term investment strategy.