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LOS ANGELES — Universe Holdings has secured a $9.2 million loan for the 50-unit Sycamores apartments in the Los Angeles submarket of Inglewood. The community is located at 875 Victor Ave.
The Sycamores was built in 1972. Universe Holdings has renovated and modernized the asset since it acquired the property in 2014.
The refinancing retired existing debt and the original principal and improvement capital. It was arranged by HFF’s Charles Halladay.