Modera West LA Secures $165M Multifamily Loan

Square Mile Capital funded the loan for a newly built 376-unit multifamily community located in West Los Angeles.

Modera 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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