Arixa, Belay to Invest in Multifamily Development on West Coast

Arixa Capital affiliate Arixa Holdings and Belay Investment Group have formed a joint venture to invest in multifamily development. The joint venture will provide $1 million to $10 million in  bridge, renovation and construction loans for multifamily and homebuilding developments, targeting local real estate investors and developers.

For Arixa, this joint venture will strengthen the company’s Western US platform. Specifically, the two firms are focused on addressing the housing affordability gap in Los Angeles and other major West Coast markets. For that reason, the joint venture will mandate that borrowers meet attainability guidelines for housing. Those guidelines are determined by median home prices and rental rates. Ultimately, the goal of the joint venture it is to increase the supply of for-sale single-family and apartment units.