Loan

Senior-Care Property Will get Bridge Mortgage

Jones Lang LaSalle Inc. Capital Markets sourced and organized $43.2 million in financial institution bridge financing for Varenita of Westlake, an 86-unit assisted-living and memory-care neighborhood situated in Westlake Village. JLL represented the borrower, Westlake Senior Residing Heart LLC, to safe the five-year mortgage from a West Coast regional financial institution. The financing was wanted … [Read more…]

Native Properties Get $9.2 Million Mortgage

A $9.2 million mortgage to refinance a portfolio of three properties, together with two within the Valley space, was just lately introduced. The three properties are a mid-construction 14-unit multifamily property in Toluca Lake; a 9,300-square-foot retail heart in Melrose Hill; and a 141,166-square-foot lot of land that has been zoned for residential use Glendale. … [Read more…]