Freddie Mac Provides $11.75M Loan For Third Thyme Multihousing Community In Los Angeles

The Third Thyme property, located at 1441 West 3rd Street in Los Angeles, has undergone a significant financing transaction. This multifamily property comprises 104 units spread across 14,866 square feet. The property, owned by the West Hollywood Community Housing Corporation, has been the recipient of a loan amounting to $11,750,000 provided by Freddie Mac.

Summary of Transaction Details

• Property Type: Multifamily
• Loan Amount: $11,750,000
• Loan Type: Refinance
• Loan Terms: 15-year, fixed-rate
• Market: Los Angeles
• Units: 104
• Square Footage: 14,866

Anson Snyder, a broker from JLL, represented the parties involved in this financing deal. The loan provided by Freddie Mac Multifamily will support the development of senior and supportive housing at the Third Thyme property, further enhancing its role as an affordable multihousing community in Los Angeles.