$7.75MM OF TOTAL FINANCING JOINT VENTURE EQUITY
We are pleased to announce the closing of a $7,750,000 joint venture investment. The investment will finance the development and construction of 37 attached townhomes in the San Pedro neighborhood of Los Angeles.
Beachrock has successfully closed a $7,750,000 joint venture investment. The investment represented the first transaction within a new relationship and will be used for the development and construction of 37 attached for-sale townhomes in the San Pedro neighborhood of Los Angeles. With increased uncertainty in the market due to increasing rates, Beachrock identified an investor that could clearly see the value proposition of the homes, as well as the value in establishing a relationship with a "best in class" sponsor.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!