MEI SECURES $11.5M IN FINANCING FOR SANTA MONICA DEVELOPMENT
SANTA MONICA, CALIF. — MEI Real Estate Services has secured $11.5 million in construction financing for a mixed-use development in Downtown Santa Monica. The project will contain 40 high-end residential suites situated above more than 8,500 square feet of retail. The project is slated for completion in late 2012. MEI secured the financing on behalf of a private investor.