Updated Feb 10, 2026
Cityview Secures $96M Refinance Loan From Fortress Investment Group For 296-Unit Multifamily Property
2528 South Grand Avenue
$96,000,000
Units
296
Asset Type
MultiFamily
Closing
Feb 10, 2026
About this deal
AI
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.
On the Map
$96,000,000
MultiFamily
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Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93