X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES—AMI Real Estate has secured a $31 million loan to refinance existing debt on Universal Lofts, GlobeSt.com reports exclusively. The 67-unit live/work loft property was originally built as a condo community, but the developer decided to lease the project during the downturn. Now, with the recovered economy, AMI has decided to sell the units, and will use the additional to maintain the property during the marketing and sales process.

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.