Lucia Apartments

Overview

Deal Type Agency Lending
Size $28,426,000

Summary

The transaction includes a $28,426,000 ($201,603/unit) non-recourse, first mortgage loan secured by 141-unit garden style apartments known as Lucia Apartments located in Pico Rivera, CA. Built in 1971 and renovated in 2021, the property consists of 4, three-story residential buildings and 1 single-story clubhouse, situated on a 3.77-acre land. The proposed loan will be used for refinancing the existing debt. The loan is structured with a 5-year term, and subsequent to a 3-year interest only period, amortizes on a 35-year schedule.

Recent Deals

May 2025

christiancare

acquired

crozer

ASCs and Outpatient Centers in Pennsylvania

assets owned by

prospect

Buy-Side Advisor

christianacare-crozer-healths
May 2025

hingehealth

$502.9 Million

Initial Public Offering

Joint Bookrunner

hinge-health
May 2025

sun tribe development

has been acquired by

terraformpower

a portfolio company of

Exclusive Financial Advisor

sun-tribe-development
May 2025

$1.3 Billion

Senior Secured Credit Facilities

Coordinating Lead Arranger
Sole Bookrunner
Administrative Agent
Collateral Agent
Depositary Agent

doral-mammoth-south-central-solar

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