LaTerra Development & Clarion Partners Secure $90M Loan For The Louise Luxury Community In Los Angeles

LaTerra Development and Clarion Partners have secured a $90 million loan for their 246-unit luxury community, The Louise, located at 1633 N Edgemont St in Los Angeles. The property is a multifamily asset and consists of 246 units. The loan was provided by PGIM Real Estate, with Jace Bertges acting as the lender's representative.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Address: 1633 N Edgemont St
• Market: Los Angeles
• Asset Type: Multifamily
• Units: 246

In addition to the lenders and borrowers, the deal involved several key individuals and companies. Charles Tourtellotte from LaTerra Development and David Gilbert from Clarion Partners acted as the landlords in the joint venture. The brokers representing the transaction were Brian Share, Becca Tse, Max Schafer, and Rob Rubano from Cushman & Wakefield.