Los AngelesModera West LA has secured a $165 million loan for a newly built 376-unit multifamily community located in West Los Angeles completed in August 2019. Square Mile Capital funded the loan due to the prestigious sponsorship along with the trophy nature of the asset.

The community is already 62% leased and features a spa, pool with private cabanas, outdoor BBQ grills, dog run and grooming, rooftop deck, and valet dry cleaning. Unit amenities include balconies, double vanities, walk-in closets, and wine fridges.

JLL capital markets team led by executive managing director Kevin MacKenzie, senior director John Chun and analyst Nick Lench secured the funds 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.