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Cityview Secures $96M Refinance Loan From Fortress Investment Group For 296-Unit Multifamily Property

Property Image
FINANCED
$96,000,000

California

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MultiFamily
Financed 02/10/2026
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Property Image
FINANCED

Cityview Secures $96M Refinance Loan From Fortress Investment Group For 296-Unit Multifamily Property

2528 South Grand Avenue

See Similar Deals
MultiFamily
Financed 02/10/2026
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

A refinancing loan was secured for a 296-unit Class A multifamily property located at 2528 South Grand Avenue in Downtown Los Angeles. The property was built in 2023 and spans seven stories. The loan amount for this transaction is $96,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $96,000,000
  • Lender: Fortress Investment Group
  • Landlord: Sean Burton - Cityview
  • Market: Los Angeles

This refinancing supports ongoing leasing efforts and facilitates the payoff of approximately $80 million in construction debt. The transaction reflects the ongoing strength of multifamily fundamentals in Downtown Los Angeles, even amidst challenges within the office market.

Players

Fortress Investment Group
Fortress Investment Group
LENDER
Sean Burton
Sean Burton
7 deals$482M volume
LANDLORD

Details

FINANCED
IMAGE: Sean Burton DATE: 02/10/2026 ADDRESS: 2528 South Grand Avenue MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 296 LENDER: Fortress Investment Group LANDLORD: Sean Burton - Cityview LOAN AMOUNT: $96,000,000 LOAN TYPE: Refinance NOTE: CityView secured a $96M refinancing loan from Fortress Investment Group for Jasper, a 296-unit Class A multifamily property at 2528 South Grand Avenue, Downtown LA. Built in 2023, the seven-story community’s refinancing supports ongoing leasing and pays off ~$80M in construction debt, reflecting strong multifamily fundamentals in Downtown LA despite office market challenges.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$96,000,000.00

Monthly NOI$640,000.00
Monthly Debt Service$606,785.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00