Irvine Company secures $157M Fannie Mae refi for Playa Vista apartments
Irvine Company landed a $157.2 million refinancing loan for a luxury apartment complex in Los Angeles’ Playa Vista. Capital One originated the Fannie Mae loan for Villas at Playa Vista-Montecito, a 309-unit community at 12855 Runway Road in Playa Vista, Multi-Housing News reported. The debt replaces a previous $136 million Fannie Mae loan from PGIM, representing an increase of $21.2 million in financing. The property opened in 2016 and sits within the 460-acre Playa Vista master-planned development that transformed the former headquarters of Howard Hughes’ aerospace firm Hughes Aircraft Company into a mixed-use neighborhood. The development now includes 6,046 residential […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Al-Jawad Pike refreshes Aesop store with terracotta-tiled counter evoking ancient Persia
Elysian Housing buys Pasadena offices as resi conversion plans advance through city approvals
Céline Dion’s Former Jupiter Estate Sells for $12.5 Million
The Castle From Taylor Swift’s “Blank Space” Video Sells for $72 Million
Block party: Minecraft creator lists Beverly Hills mansion for $70M
On a Former Cherry Farm, a Whimsical New Jersey Victorian Seeks $900K
Dorothy Dandridge’s Former Hollywood Hills Home Lists for $5.5 Million
The Blue Door House from Notting Hill Just Hit the Market
Don't Let the Fear of a Buyer Backing Out Scare You Away from Selling
"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