Balaciano Group Refinances Warner Center Multifamily Developments For $238M With Morgan Stanley And US Bank Loan

Balaciano Group (formerly California Home Builders) obtained $238 million in loans to refinance two multifamily developments in Warner Center. The loans include $136.5 million from Morgan Stanley for Q Topanga and $101.5 million in construction financing from U.S. Bank and California Bank & Trust for Q De Soto, reflecting the firm's transition from building homes to large mixed-use projects.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $238,000,000
• Units: 723
• Lender: Morgan Stanley, US. Bank, and California Bank and Trust
• Landlord: Balaciano Group - Shawn Evenhaim
• Loan Type: Refinance

The loans were secured by Balaciano Group, led by Shawn Evenhaim, who represented the landlord in the refinancing deal. This marks the company's shift from home building to larger mixed-use projects in Warner Center. The financing was provided by Morgan Stanley, US. Bank, and California Bank and Trust.