facebook
Traded Co logo
Submit
Daily limit: 0/10

Mosaic Investment Partners Fully Capitalizes USC Expo Student Housing With $25M Loan From HC2 Capital

Property Image
FINANCED
$25,000,000

California

See Similar Deals
Student Housing
Financed 07/14/2023
the dealplayerscompscontact
Property Image
FINANCED

Mosaic Investment Partners Fully Capitalizes USC Expo Student Housing With $25M Loan From HC2 Capital

1069 W Exposition Blvd Los Angeles, CA 90007, USA

See Similar Deals
Student Housing
Financed 07/14/2023
Contact now

Summary

CALIFORNIA
Asset Type:Student Housing
Transaction Type:Loan

Mosaic Investment Partners has fully capitalized USC Expo, a student housing community near the University of Southern California. The property located at 1069 West Exposition Boulevard in Los Angeles consists of 260 beds, making it an ideal housing option for university students in the area. This transaction involved a construction loan of $25 million provided by HC2 Capital.

Summary of transaction details

JLL, represented by brokers Greg Brown and Zane Sweet, facilitated the deal for USC Expo. In addition to the construction loan, JLL also arranged joint venture equity and mezzanine financing for the project. The involvement of these key individuals and companies highlights their role in securing the necessary capital for the development of this student housing community near the University of Southern California.

Players

Greg Brown
21 deals$1.2B volume
BROKER

Zane Sweet
JLL
4 deals$169.8M volume(949) 885-2986
BROKER

HC2 Capital
LENDER

Details

FINANCED
IMAGE: Greg Brown & Zane Sweet DATE: 07/14/2023 ADDRESS: 1069 West Exposition Boulevard MARKET: Los Angeles ASSET TYPE: Student Housing ~ BEDS: 260 LENDER: HC2 Capital LANDLORD: Mosaic Investment Partners BROKERS: Greg Brown & Zane Sweet - JLL (@JLL) LOAN AMOUNT: $25,000,000 LOAN TYPE: Construction Loan NOTE: Mosaic Investment Partners has fully capitalized USC Expo, a student housing community near the University of Southern California. JLL arranged joint venture equity, mezzanine financing, and a $25 million senior construction loan for the project.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00