Priority Capital Arranges Cash-Out Bridge Loan on Koreatown Condos

Priority Capital Arranges Cash-Out Bridge Loan on Koreatown Condos

Priority Capital Advisory (PCA) arranged a $22.8-million cash-out bridge loan for a newly developed 63-unit residential condominium project located at 904 to 906 S. New Hampshire Ave. in the Koreatown neighborhood of Los Angeles. The loan followed a $21-million land and predevelopment financing PCA arranged earlier this year for Grubb Properties at 1000 S. Vermont St., also in Koreatown. Financed by Tryperion Holdings and developed by EGC Real E…