facebook
Traded Co logo
Submit
Daily limit: 0/10

JLL Arranges $15.45M Construction Loan For 87-unit SoLa Impact Housing Community In Los Angeles

Property Image
FINANCED
$15,450,000
Greg Brown
Allie Black
+ 1

California

See Similar Deals
MultiFamily
Financed 12/20/2023
the dealplayerscompscontact
Property Image
FINANCED

JLL Arranges $15.45M Construction Loan For 87-unit SoLa Impact Housing Community In Los Angeles

6100 South Main Street

See Similar Deals
MultiFamily
Financed 12/20/2023
Greg Brown
Allie Black
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The 87-unit 6100 Main housing community in Los Angeles, developed by SoLa Impact, has secured a $15.45 million construction loan. Located in Greater Inglewood, the project aims to provide high-quality affordable housing with modern amenities and convenient access to transportation. Situated in a Qualified Opportunity Zone, the development benefits from its proximity to various attractions, including the LAFC soccer stadium and the George Lucas Museum of Narrative Arts.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,450,000
  • Units: 87
  • Acres: 0.52
  • Address: 6100 South Main Street
  • Market: Los Angeles

JLL Capital Markets facilitated the arrangement of the construction loan for the 6100 Main housing community. The brokers involved in the deal were Charlie Vorsheck, Greg Brown, Kellan Liem, and Allie Black, representing JLL. Their expertise and negotiation skills played a crucial role in securing the financing for the project.

Players

Greg Brown
21 deals$1.2B volume
BROKER

Charlie Vorsheck
JLL
5 deals$371.5M volume
BROKER

Allie Black
JLL
7 deals$425.7M volume
BROKER

Kellan Liem
JLL
3 deals$161.3M volume(312) 782-5800
BROKER

LANDLORD

Details

FINANCED
IMAGE: Greg Brown, Allie Black, Martin Muoto, Kellan Liem & Charlie Vorsheck DATE: 12/20/2023 ADDRESS: 6100 South Main Street MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 87 ~ ACRES: 0.52 LANDLORD: SoLa Impact (@SoLaImpact) - Martin Muoto (@MMuoto) BROKERS: Charlie Vorsheck, Greg Brown, Kellan Liem & Allie Black - JLL (@JLL) LOAN AMOUNT: $15,450,000 LOAN TYPE: Construction Loan NOTE: JLL Capital Markets arranged a $15.45 million construction loan for the 87-unit 6100 Main housing community in Los Angeles, developed by SoLa Impact. Strategically located in a Qualified Opportunity Zone in Greater Inglewood, the project aims to offer high-quality affordable housing with modern amenities and easy access to transportation and nearby developments, including the LAFC soccer stadium and the George Lucas Museum of Narrative Arts.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,450,000.00

Monthly NOI$103,000.00
Monthly Debt Service$97,654.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00