PSRS Secures $4.4M Loan for Kenmore Commons Apartment Building in Koreatown
LOS ANGELES — PSRS has arranged a $4.4 million loan for Kenmore Commons, an apartment building located in the Koreatown area of Los Angeles. The building features 22 recently renovated units.
William DeFanti of PSRS’ Los Angeles office secured the high-leverage, non-recourse loan, which features no prepayment penalty after the 12th month. The borrower was not disclosed.