Cusumano Real Estate Group has secured a $126.5 million loan to refinance the Talaria at Burbank, a new construction luxury apartment building. PGIM funded the non-recourse loan, which has a 10-year term and seven years of interest only payments.

Located at 3401-3425 W. Olive Avenue in Burbank, the property was built in February 2019. It has 241 units and a Whole Foods. The units include one-, two- and three-bedroom floor plans.

Tom Kenny, an executive vice president of Bellwether Enterprise in the Irvine office, secured the funding on behalf of the borrower.

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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.