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