Gortikov Capital Secures $101M Refinance For The Clarendon Multifamily Asset

The Clarendon is a luxury multifamily building located at 22121 Clarendon Street in Woodland Hills, California. Developed in 2020, the property boasts 335 units and offers upscale amenities. Its strategic location provides convenient access to Ventura Boulevard and Warner Center, making it a sought-after investment opportunity in the San Fernando Valley.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $101,000,000
• Units: 335
• Address: 22121 Clarendon Street
• Market: Woodland Hills

Gortikov Capital, led by Bryan Gortikov, secured a $101 million refinance for The Clarendon on behalf of AMCAL Housing. Matt Salem from KKR served as the lender in this two-year floating-rate loan transaction. Percival Vaz, representing AMCAL Housing, acted as the landlord. Despite challenges in transitional real estate lending, this deal showcases the expertise of the involved parties in navigating complex financing structures to support valuable real estate assets.