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7334 Topanga Canyon, LLP

Clearinghouse CDFI provided $4.5 million in financing for Strategic Realty Holdings, LLC (SRH) to purchase the Topanga Canyon office building in Canoga Park, California. SRH will redevelop the property into new, multi-family apartment homes to meet the growing demand for rental housing in LA County.

Located within a designated Opportunity Zone, the new apartments will be divided between studio, 1-bedroom and 2-bedroom units. Eleven apartments will be set aside for extremely low-income households earning below 30% of area median income.

Download the PDF: Just Funded – 7334 Topanga Canyon, LLP

Financing Provided:
$4.5 Million in Financing
Location:
Canoga Park, CA
Impact:
Located in an Opportunity Zone, the building will be constructed into new apartments and will include 11 extremely low-income households.
Purpose:
CCDFI provided financing for SRH to facilitate the purchase of the property.
Year Funded:
2020
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