X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STUDIO CITY, CA-NK Studio City LLC of Beverly Hills plans to begin construction immediately on a 125-unit project called Grand Vista Apartments with a $21 million construction loan arranged by Los Angeles-based Lucent Capital. Lucent managing director Farzin Emrani says that, although construction financing in this capital constrained market is challenging, “With a high- barrier-to-entry location, strong market fundamentals and qualified sponsors, we were able to negotiate favorable terms for our client.”

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.