• detail image of project

    South Union Avenue Apartments Offers 133-units

  • detail image of project

    Rent controlled, Affordable Housing in Downtown L.A.

  • detail image of project

    $9.09MM Loan for South Union Avenue Apartments

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
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