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South Union Avenue Apartments

South Union Avenue Apartments Offers 133-units
Rent controlled, Affordable Housing in Downtown L.A.
$9.09MM Loan for South Union Avenue Apartments

South Union Avenue Apartments is a 133-unit, multi-family building located in a severely distressed area of downtown Los Angeles. The building offers a rent controlled, affordable housing option for residents.

Clearinghouse CDFI provided a $9.09MM loan for South Union Avenue Apartments to refinance existing debt and address necessary building improvements. This includes the installation of a clubhouse, fitness center, new lighting, and apartment unit updates.

Clearinghouse CDFI also provided an $8.25MM loan in 2015 for the refinance and rehabilitation of the property.

Download the PDF: Funded By CCDFI – South Union Avenue Apartments

Financing Provided: $9.09 Million
Location: Los Angeles, CA
Impact:

133-unit, multi-family building that offers a rent controlled, affordable housing option

Purpose:

$9.09MM Preserves 133 Affordable Apartment Homes in Downtown Los Angeles

Year Funded: 2018

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