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LOS ANGELES — PSRS has arranged $6.9 million in construction financing for AH Los Angeles, a multifamily development in Los Angeles. The ground-up project will feature 40 units dedicated entirely to affordable housing. Michael Warner of PSRS worked with a local bank to secure the loan, which features a 68 percent loan-to-cost ratio and interest-only payments for 24 months, on behalf of the repeat borrower.