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6100 South Main Street

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

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

6100 South Main Street

$15,450,000

Building Size

Asset Type

MultiFamily

Closing

Dec 20, 2023

AI

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

JLL

Broker

$1.2B

vol

21 deals

Broker
SI
Sola ImpactLandlord

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

1.03%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93