Developer lands $170M construction loan for Santa Monica apartments
Two mixed-use apartment projects in Santa Monica can now move forward thanks to a fresh injection of funding for developer Cypress Equity Investments. Los Angeles-based Cypress secured a $170 million construction loan for the two developments, Urbanize Los Angeles reported. The deal, with an undisclosed lender, was announced on LinkedIn by Tom Hayter, CEI’s vice president of investments. The money will allow Cypress to proceed with residential developments that will replace commercial buildings near Douglas Park. At 2025 Wilshire Boulevard, CEI plans to erect an eight-story building with 150 units above roughly 8,600 square feet of ground-floor commercial space and […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Mumbai apartment designed to feel like "arriving at the edge of a still body of water"
Major international ad agency moves to El Segundo
LA City Council taps voters to decide if Palisades is exempt from Measure ULA
Brea residents push back on city’s deal for developer’s planned Costco
ELLE DECORANDUM: Five New Design Discoveries
Former L.A. Dodgers Owner Peter O’Malley’s Malibu Estate Sold for $55 Million
Aubrey Plaza finds buyer for Los Feliz home after year of price cuts, relisting
Hudson Pacific Properties posts $105M loss, lands extension on billion-dollar Hollywood maturity
On the Couch with Valentina Akerman
Kelemen defaults on loan tied to Atrium in Irvine, owes $100M
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA