LWK Partners and Cypress Equity Investments plan to increase the density of multifamily properties they own in Los Angeles after securing a $100 million credit facility. Hong Kong-based LWK and Los Angeles-based Cypress locked down the credit facility from local firm Ascent Developer Solutions, the Los Angeles Business Journal reported. The developers debuted their partnership in January, and the financing will speed its plans to build more units at existing properties. The deal comes a little over a year after Gov. Gavin Newsom signed SB 1211, which increased the number of detached accessory dwelling units that are allowed to be […]
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