$21,400,000 | The Bascom Group

LUXE 1801 Apartment Homes | Alhambra, CA

The 109-unit garden-style apartment community is near downtown LA and Old Town Pasadena. The cash-out financing provided funds to complete the remaining upgrades after a full renovation, including common area enhancements.

Loan Type

Bridge Loan

Capital Provider

Large Bank

Client Benefits:

• Three-year non-recourse loan
• Cash-out refinance with several extension options
• Interest-only payments for the initial term
• No prepayment penalty
• Future funding for renovations