Western Regional Office
Los Angeles, California
New York Life is pleased to provide financing on two Class A apartment assets located in Los Angeles. The sponsor had different investment strategies for each of the properties, and we were able to meet their needs with individual financing solutions that were tailored to each property.”
— Kirk Kniss, Senior Director
- Highly desirable neighborhoods with excellent access to employment, retail, and other amenities
- 10-year fixed rate financing for the sponsor’s long-term hold, and 5-year floating rate financing for the sponsor’s medium-term hold
- Proceeds used to provide post-acquisition financing
Source: REI Western Regional Office, June 2017.