Jaime Lee Of Jamison Properties Secures $220M Loan For Koreatown Multifamily Property In Los Angeles

The asset involved in this transaction is a multi-family apartment complex located at 3545 Wilshire Boulevard in Los Angeles, comprising 428 units. It secured a loan amount of $220,000,000 for financing purposes, indicating its significance in the current market environment.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $220,000,000
• Lender: New York Life Real Estate Investors
• Landlord: Jaime Lee - Jamison Properties LP
• Brokers: Max Sauerman & Tyler Shebeck - Bellwether Enterprise (BWE)
• Market: Los Angeles
• Units: 428

This transaction was facilitated by brokers Max Sauerman and Tyler Shebeck from Bellwether Enterprise, who arranged both a $205 million senior loan and a $15 million mezzanine loan for the property. The financing was structured as non-recourse and was finalized nearly six weeks after it was initiated, despite the property being newly constructed and nearly 90% leased at the time of loan closing.