$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
Bascom Group - LUXE 1801 Apartment Homes Deal image

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