Zalmi Klyne Of Northmarq Secures $14M Construction Loan For UCLA Student Housing

Zalmi Klyne of Northmarq's Los Angeles office secured a $14 million construction loan for a student housing project near UCLA located at 535 Glenrock Avenue. The project will consist of a new six-story building with 134 beds and modern amenities. Its convenient proximity to the university makes it an ideal choice for students.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $14,000,000
• Address: 535 Glenrock Avenue
• Market: Los Angeles
• Asset Type: Student Housing
• Acres: 0.19

Zalmi Klyne, representing Northmarq, worked diligently to secure the construction financing for this student housing project. The development will provide much-needed housing for UCLA students and enhance their living experience with its modern amenities and close proximity to the university.