JLL Secures $5.5M Loan For Alvarado And Temple Apartments In Los Angeles

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.