Ratkovich Recapitalizes The Alhambra

The Alhambra is a 45-acre mixed-use community.

LOS ANGELES—The Ratkovich Co. has restructure the ownership of the Alhambra, a 45-acre mixed-use community. ELITE International Investment Fund and Future Land Holdings have partnered with the Ratkovich Co. to form a new ownership structure. The agreement included full payment of the existing CMBS loan on the property, and replacement with new debt.

“The Ratkovich Co., Elite and Future Land Development share a vision for the future of the property and look forward to being a part of the exciting growth that Alhambra and the San Gabriel Valley are experiencing,” Wayne Ratkovich, President and CEO of The Ratkovich Co., tells GlobeSt.com. “We also have an opportunity to enhance the property with residential, to which both Elite and Future Land Development bring a tremendous amount of experience.”