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LAS VEGAS – The 360-unit Elysian at the District apartment community in Las Vegas has received $51 million in construction financing. The Class A community will be located in the Green Valley Ranch community of Henderson, a Las Vegas suburb. The property will be a joint development by The Calida Group and Cypress Equity Investments.
The construction financing features a combination of a mezzanine loan and a senior loan obtained through an inter-creditor agreement with two separate providers. Funding was arranged by David Rifkind and Omer Ivanir of George Smith Partners.