Universe Holdings Obtains $23.4M in Financing for the Lodge at Porter Ranch in Northridge
NORTHRIDGE, CALIF. — Universe Holdings has obtained $23.4 million in financing for the 148-unit Lodge at Porter Ranch in the Los Angeles submarket of Northridge. The community is located at 10631 Lindley Ave.
The Lodge was built in 1979 and renovated in 2013. Universe Holdings purchased the property in 2004.
The 10-year loan features interest-only payments for the first five years. HFF secured the financing through Freddie Mac. The planned use of the funds was not disclosed.