HFF Arranges $100 Million in Construction Financing for Mixed-Use Development in Los Angeles

Los Angeles — HFF has arranged $100 million in financing for the development of Arts District AMP Lofts, a mixed-use residential and retail property located Los Angeles’ Arts District.

Working on behalf of the developer, Greystar, HFF placed the 48-month construction loan with CIT’s Real Estate Finance business. The 320-unit property will offers amenities including 20,000 square feet of retail space; a community garden and park; dog run; outdoor creative workspace; a clubhouse with a bar and indoor/outdoor lounge space; state-of-the-art fitness center; and an outdoor pool. The development is scheduled for completion in 2019.

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