Wednesday, January 31, 2018

Continental Partners Secures $38.1 Million in Financing for Four Multifamily Transactions in Los Angeles, CA

Zalmi Klyne

LOS ANGELES, CA– Commercial real estate investment banking firm Continental Partners has secured $38.1 million in financing for four transactions, encompassing 12 properties totaling 210 units, in Los Angeles, California. The financing for all four deals was arranged by Continental Partners Executive Vice President Zalmi Klyne.

“Multifamily remains one of the most in-demand product types,” says Klyne. “However, as the cycle matures, many lenders have become more conservative in their underwriting, especially in regions with high development pipelines. This is driving investors to emerging submarkets where oversupply in less of a concern.”

According to Klyne, multifamily investment activity in LA’s emerging submarkets continues to grow as residents and investors look for more cost-effective options in close range to urban centers.

“All of these properties are all located in growing LA submarkets where demand is continuing to outpace supply,” explains Klyne. “We were able to successfully arrange competitive financing for all four sponsors by leveraging our capital relationships, getting the lenders comfortable with the properties’ respective submarkets, and implementing creative solutions to finance these deals.”

For more information, please contact:

Elisabeth Manville · Account Executive 
O 949 955 7940 · C 949 584 4046
Brower, Miller & Cole
The Smart Agency™ for Smart Clients who want Smart Work
895 Dove Street, Third Floor · Newport Beach, CA 92660

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