Multifamily developer Cityview scored nearly $100 million in refinancing for a Class A multifamily property south of downtown Los Angeles. The Century City-based firm landed $96 million in refinancing debt tied to Jasper, a 296-unit apartment building at 2528 South Grand Avenue in Historic South Central, Commercial Observer reported. Funds managed by Fortress Investment Group originated and arranged the debt. Jasper was built in 2023 and rises seven stories above South Grand Avenue. The Fortress loan will help bolster ongoing leasing efforts at the property and refinance roughly $80 million in construction debt provided by Acore Capital in 2023. Fortress […]
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