Janone Development Receives $16.6M Construction Loan for Apartment Community in Los Angeles


Located at 1100-1110 S. Hobart Blvd. in Los Angeles, the six-story multifamily property will feature 39 units in a mix of one, two- and three-bedroom layouts, averaging 1,194 square feet.

LOS ANGELES — Los Angeles-based Janone Development has received $16.6 million in construction financing for the development of a six-story multifamily property in Los Angeles’ Koreatown. Parkview Financial provided the $16.6 million loan.

Located at 1100-1110 S. Hobart Blvd., the 39-unit project will include a one-bedroom unit, 19 two-bedroom units and 19 three-bedroom units, with floor plans averaging 1,194 square feet. All residences will feature balconies and a full appliance package, including in-unit washers/dryers. Five units are slated for low-income tenancy. Additionally, the community will feature a courtyard and two levels of parking with 80 spaces and a 39-space bike rack.

Construction is underway at the fully entitled infill site, with completion slated for August 2022.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

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