Parkview Financial has provided $16.5 million to developer Los Angeles-based 5050 Pico for the construction of Kentish Town, a five-story 79-unit apartment complex in the West Adams/Pico Heights submarket. The terms of the construction loan were not disclosed.

Kentish Town will total more than 60,000 square feet and will include 2,121 square feet of ground floor retail space and one grade-level parking area and one subterranean parking level totaling 67 spaces. It will also feature two rooftop decks, a bike room with storage, and a resident lounge.

The property will deliver in October 2020.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.