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Priority Capital Advisory Arranges $21M Land, Predevelopment Loan for 241-Unit Multifamily Project in Los Angeles

Summary by REBusinessOnline

LOS ANGELES — Priority Capital Advisory has arranged a $21 million land and predevelopment loan for the recapitalization of a 2.1-acre site on behalf of Grubb Properties. Located at 1000 S. Vermont St. in Los Angeles’ Koreatown neighborhood, the fully entitled development is the site of Link Apartments Kora, a planned mixed-use multifamily project. Once completed, the seven-story project will offer 241 apartments and 50,630 square feet of ground…

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Priority Capital Arranges Predevelopment Loan for Koreatown Apartments

Priority Capital Advisory (PCA) arranged a $21-million land and predevelopment loan for the recapitalization of a 2.1-acre site on behalf of the ownership, Grubb Properties. Located at 1000 S. Vermont Street in Los Angeles’ Koreatown neighborhood, the fully entitled development is the site of Link Apartments Kora, a planned, 241-unit mixed-use multifamily project. The seven-story project will encompass a full city block featuring 50,630 square f…

8 days ago

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