Seachange Partners secures $15.6 million in construction financing to develop two affordable multifamily projects totaling 79 units in Los Angeles.
Seachange Partners has finalized $15.6 million in nonrecourse construction financing for two new affordable multifamily developments located at 1723 Corinth Ave. and 3751 Delmas Terrace in Los Angeles. The five-story projects, which represent the developer's inaugural ventures, will provide a combined 79 units of deed-restricted affordable housing.
Berkadia’s Keith Rosso and Jeremy Kanter arranged the capital through Genesis Capital, a private lender based in Los Angeles. Construction is currently underway on both sites, with project completion anticipated in 2027.
Developers have filed updated plans for a residential project at 1728 Larkin Street in the Nob Hill neighborhood of San Francisco.
Eden Housing completes Mitchell Park Place, a 50-unit affordable housing community in Palo Alto featuring supportive services for adults with disabilities.
California Development & Design Inc. plans to replace a Century City residential property with a new apartment building at 2217 South Fox Hills Drive.
Strada Investment Group proposes a 286-unit residential development to replace a 60,000-square-foot life sciences lab in Palo Alto.
Walker & Dunlop arranges a $101.5M HUD Section 223(f) refinancing for the 312-unit Enclave Heritage Flats multifamily community in Chula Vista.
Brookfield Properties secures Concord City Council approval for a massive 12,000-unit redevelopment of the former Concord Naval Weapons Station.
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