Martin Muoto Of Sola Impact Secures $92.9 Million Loan For 166-Unit Multifamily Development

The asset involved in this transaction is a multifamily development located at 252 West Imperial Highway in Los Angeles, CA. The project comprises 166 units designed for affordable housing, reflecting a significant investment in the local market. KeyBank has facilitated a financing package amounting to $92,900,000 for this development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $92,900,000
• Lender: Robert Likes - KeyBank Community Development Lending and Investment (CDLI)
• Landlord: Martin Muoto - Sola Impact
• Brokers: Matthew Haas & Eileen Tran - KeyBank CDLI; Shana Daby - Key Commercial Mortgage Group
• Units: 166
• Loan Components: $43.8 million construction loan, $18.1 million LIHTC equity investment, $31 million Fannie Mae permanent loan, $31 million public bond issuance

The transaction features several key players, including Robert Likes, who represents KeyBank CDLI as the lender, providing a considerable financing package. Martin Muoto, representing SoLa Impact, is the landlord overseeing this development. Additionally, brokers Matthew Haas, Eileen Tran from KeyBank CDLI, and Shana Daby from Key Commercial Mortgage Group played significant roles in facilitating this transaction, while Alex Stekler of KeyBanc Capital Markets is responsible for marketing the bonds associated with the financing.