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