Klein Enterprises Secures $85M Loan For Aura Luxury Apartments In Largo, MD

Klein Enterprises has secured an $85 million loan for Aura, a luxury apartment complex located at 9401 Grand Blvd in Largo, Maryland. The development site is set to become an exclusive residential community known for its high-end amenities and prime location in the Largo market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $85,000,000
• Lender: Northwestern Mutual
• Landlord: Klein Enterprises - Sean Garland
• Brokers: Jason Gerstein & Michael Raphael - LGA Capital

The loan, provided by Northwestern Mutual, will enable Klein Enterprises to further develop the Aura apartment complex, ensuring the realization of their vision for a luxurious residential community in Largo. Through collaboration with brokers Jason Gerstein and Michael Raphael from LGA Capital, Klein Enterprises successfully secured the necessary funding for this ambitious project.