Jones Lang LaSalle Inc.
$16.7M construction take-out financing secured for L.A. multi-housing community
SAN DIEGO, Aug. 9, 2023 - JLL Capital Markets announced today that it has arranged the $16.7 million construction takeout financing for The Hobart, a 39-unit, Class A mid-rise multi-housing community located in the Koreatown submarket of Los Angeles, California. JLL represented the borrower, Jannone Development, to secure the two-year, floating-rate loan. Newly built in 2023, ...
