(Read more on the debt and equity markets andthe multifamilymarket .)
AGOURA HILLS, CA-Amcal Multi-Housing Inc. has lined up nearly$123 million in financing for multifamily projects in Palmdale, LosAngeles, East Los Angeles, Panorama City and Fresno that willprovide 364 units of housing aimed at low- and moderate-incomerenters. The funding for the projects will come from four ofAmcal's financial partners: SunAmerica Affordable Housing Partners,WaMu, US Bank and California Community Reinvestment Corp.
The Amcal projects are the 81-unit Cielo Azul senior apartmentsin Palmdale, the 55-unit Villas Las Americas in Panorama City, the74-unit Villas del Lago in Los Angeles, the 85-unit Villa Serena inEast Los Angeles and the 69-unit Sandstone in Fresno. Constructionhas already begun on most of the developments.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
