The multifamily property located at 916 North Alvarado Street and 2812 West Temple Street in Los Angeles consists of 66 units. JLL Capital Markets successfully secured a 15-year loan amounting to $5.5 million for Alvarado and Temple Apartments. The financing was provided by Peter Lillestolen of Freddie Mac in support of developing affordable housing for low-income and homeless residents, with a focus on offering comprehensive resident services.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Address: 916 North Alvarado Street & 2812 West Temple Street
• Market: Los Angeles
• Lender: Peter Lillestolen - Freddie Mac
• Landlord: William F. Pickel - Brilliant Corners
• Broker: Anson Snyder - JLL

William F. Pickel serves as the landlord of the property, while Anson Snyder from JLL played a crucial role as the broker in the deal, ensuring the successful securing of the financing through Freddie Mac Multifamily. This transaction signifies a significant step towards expanding affordable housing options for marginalized communities within Los Angeles.