The Eden

Los Angeles, CA

Multifamily Refinance

The Eden

MULTIFAMILY REFINANCE

ACRES Capital has funded a $76 million loan to refinance The Eden, a recently completed 235-unit mixed-use mid/high-rise multifamily/retail property in Los Angeles, California.

About the Property:

• Seven story building and features 157,405 square feet of net residential space
• 8,863 square feet of ground-floor commercial space
• And one level of subterranean parking.

Residential offerings include:
• 87 studio apartments
• 102 one-bedroom apartments
• 46 two-bedroom apartments
• Two-story fitness center
• Resort-style pool and spa with cabanas, sky deck, speakeasy lounge
• Theater
• Co-working spaces
• 259 controlled-access parking stalls with EV charging.

$76 Million

Loan Amount

Refinance

Loan Product

“The Eden delivers best-in-class housing and retail within steps of LA LIVE, the Los Angeles Convention Center, and the region’s expanding transit network. Our financing will provide the sponsorship team the flexibility and runway needed to complete stabilization, enhance cash flow, and capitalize on the sustained demand for high-quality living options in Downtown Los Angeles.”

- Mark Fogel

Chief Executive Officer and President of ACRES

RELATED TRANSACTIONS

Abode at Parkside

MULTIFAMILY REFINANCE

The Congress

MULTIFAMILY REFINANCE

The Eve

MULTIFAMILY REFINANCE

Construction • Bridge • Permanent

GLBA Privacy Notice | Privacy Policy | Terms of Service | Registered SEC Investment Adviser

ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.