FINANCED
LaTerra Development & Clarion Partners Secure $90M Loan For The Louise Luxury Community In Los Angeles
1633 Edgemont Street
MultiFamily
Financed 211 days ago
Summary
Loan
CALIFORNIA
MultiFamily
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.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Becca Tse, David Gilbert, Rob Rubano, Max Schafer, Brian Share, Jace Bertges & Charles Tourtellotte
DATE: 10/09/2023
ADDRESS: 1633 N Edgemont St
MARKET: Los Angeles
ASSET TYPE: Multifamily ~ UNITS: 246
LENDER: PGIM Real Estate (@PGIM) - Jace Bertges
LANDLORD: Charles Tourtellotte - LaTerra Development & David Gilbert - Clarion Partners
BROKERS: Brian Share, Becca Tse, Max Schafer & Rob Rubano (@RobRubano) - Cushman & Wakefield (@CushWake)
LOAN AMOUNT: $90,000,000
NOTE: LaTerra Development and Clarion Partners, in a joint venture, have secured a $90 million loan for their 246-unit luxury community, The Louise, in Los Angeles.View on map
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Address1633 Edgemont Street
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