June 6, 2017 Comments Off on Greystar Secures $100M Construction Loan for Arts District MF Views: 407 California News, Los Angeles

Greystar Secures $100M Construction Loan for Arts District MF

Connect Los Angeles is coming on June 21st. Here’s where to get more details and register.

HFF arranged $99.9 million in financing for the development of Arts District AMP Lofts, a luxury mixed-use residential and retail property in Los Angeles’ Arts District. Working on behalf of the developer, Charleston, SC-based Greystar, HFF placed the 48-month construction loan with CIT’s Real Estate Finance business.

Arts District AMP Lofts will have 320 Class A multi-housing units situated above 20,000 square feet of ground-floor retail. The property at 695 S. Santa Fe Ave. will occupy more than half of a large industrial block on E. 7th Street, between Imperial Street and S. Santa Fe Avenue in the thriving Arts District.

Due for completion in 2019, property amenities will include a community garden and park, dog run, outdoor creative workspace, club house with bar and indoor/outdoor lounge space, state-of-the-art fitness center and outdoor pool.

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