HFF Arranges $100 Million in Construction Financing for Mixed-Use Development in Los Angeles

Arts District AMP Lofts is located on E. 7th Street in Los Angeles. Arts District AMP Lofts is located on E. 7th Street in Los Angeles.

Los Angeles — HFF has arranged $100 million in financing for the development of Arts District AMP Lofts, a mixed-use residential and retail property located Los Angeles’ Arts District.

Working on behalf of the developer, Greystar, HFF placed the 48-month construction loan with CIT’s Real Estate Finance business. The 320-unit property will offers amenities including 20,000 square feet of retail space; a community garden and park; dog run; outdoor creative workspace; a clubhouse with a bar and indoor/outdoor lounge space; state-of-the-art fitness center; and an outdoor pool. The development is scheduled for completion in 2019.

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