521
LOS ANGELES — Greystone Commercial Capital and Affinius Capital have arranged a $135 million mortgage loan for the refinance of Rise Koreatown, a high-rise apartment community in Los Angeles’ Koreatown neighborhood.
Rise Koreatown comprises 363 units and 47,417 square feet of retail space on a 2.3-acre site.
Greystone and Affinius Capital arranged a syndicated funding, which originates institutional structured commercial mortgage loans including subordinate debt for all major property types.
Rescore Property Group, a private REIT and affiliate of Encore Capital Management, delivered the property in February 2023.