CRCD Partners Secures $14.5M Freddie Mac Loan For 52-Unit Multifamily Development In Los Angeles

The property asset involved in the transaction is a multifamily development located at 6706 South Main Street in the Los Angeles market. This supportive housing project consists of 52 units, which supports the need for affordable housing in transit-accessible areas of South Los Angeles.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Address: 6706 South Main Street
• Market: Los Angeles
• Units: 52
• Landlord: Mark Anthony Wilson, Jr - CRCD Partners
• Broker: Jeff Kearns - Walker & Dunlop
• Loan Amount: $14,500,000
• Loan Terms: 16-year fixed-rate, three years of interest-only

Walker & Dunlop’s affordable housing team facilitated the loan for Ruth Teague Homes, enhancing a project built in 2024 aimed at providing long-term supportive housing for vulnerable populations. This deal highlights the ongoing federal-backed capital flow into affordable housing developments within the region.