Greystar nabs $100M construction loan for Arts District apartments

Los Angeles /
Jun.June 01, 2017 04:00 PM

Greystar just secured a $99.9 million construction loan for its AMP Lofts in the Arts District.

CIT Real Estate Finance is behind the two-year loan, and HFF arranged it on behalf of the developer, the Commercial Observer reported.

The mixed-use project at 695 S. Santa Fe Avenue will contain 320 units and 20,000 square feet of ground-floor retail. It’s slated to open in 2019.

The pipeline is poppin’ in the area. On East 7th Street, Hillcrest Company recently broke ground on its 57-unit live-work complex conversion. Meanwhile, the Houston-based developer Camden USA revitalized its plans in April for a 344-unit mixed-use complex at the corner of Alameda and Industrial streets.

Earlier this week, Genton Property Group and Alcion Ventures scooped an even heftier construction loan from a U.K. hedge fund: $239 million for their Four Seasons Private Residences project in Beverly Hills.  [CO]Cathaleen Chen


Related Articles

arrow_forward_ios
Skanska USA's Richard Kennedy along with renderings of 1727-1829 E. Sacramento Street (Skanska)
Purple office project proposed in DTLA’s Arts District
Purple office project proposed in DTLA’s Arts District
Rendering of 676 Mateo Street (HansonLA)
Maxxam gets OK for “Puppydog” apartments in LA’s Arts District
Maxxam gets OK for “Puppydog” apartments in LA’s Arts District
Virgin Hyperloop Interim CEO/CFO and Board Member Raja P. Narayanan and ROW DTLA (ROW DTLA, LinkedIn/rajanarayanan)
Virgin Hyperloop moves HQ to Atlas Capital’s Row DTLA
Virgin Hyperloop moves HQ to Atlas Capital’s Row DTLA
East End Capital's Shep Wainwright with rendering ADLA Campus (East End Capital, Grimshaw)
East End Capital eyes $1B film studio in Arts District
East End Capital eyes $1B film studio in Arts District
Revolve's Michael Mente and Mike Karanikolas with ROW DTLA in the Arts District (Revolve, Google Maps)
Influencer fashion brand, furniture maker sign leases in Arts District
Influencer fashion brand, furniture maker sign leases in Arts District
From left: East End Capital’s Jonathon Yormak and David Peretz and 1338 East 6th Street and 1321 Wholesale Street (East End, Loopnet)
East End Capital’s tab on DTLA site for studio complex: $240M
East End Capital’s tab on DTLA site for studio complex: $240M
Rendering of the 8th and Alameda Studios project (Rios)
Atlas Capital moves on $650M studio project in DTLA
Atlas Capital moves on $650M studio project in DTLA
Legendary Group's Dilip Bhavnani and 411 S. Hewitt Street (Gensler, LinkedIn)
Developer upgrades plans for Arts District office tower to 18 stories
Developer upgrades plans for Arts District office tower to 18 stories
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...