$20.0 Million refinancing for condo conversion secured in Los Angeles
United States, Aug. 19 -- JLL Capital Markets announced that it has secured a $20 million refinancing for The Secret at K-Town, a 39-unit, Class A multifamily property located in Los Angeles' Koreatown neighborhood. The ownership plans to convert the building into for sale condominiums.JLL represented the borrower, Jannone Development, in arranging a floating-rate conversion and sell-out loan with a private lender.The Secret at K-Town, located at 3050 W 11th St, features spacious residences in one of Los Angeles' most walkable neighborhoods, with a 94 Walk Score. The property offers easy access to the Metro Purple Line stations at Wilshire/Western and Wilshire/Normandie, allowing residents convenient connections to major employment centers ...
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