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Home›Real Estate›Residential›Truist Provides $152M for Long Beach, Calif., Apartmen…

Truist Provides $152M for Long Beach, Calif., Apartment Development

Reported · Written up by our desk · Residential

Carmel Partners has secured a $152 million construction loan from Truist for a 390-unit multifamily development in Long Beach, Calif., the lender announced Tuesday. The Los Angeles-based development firm is replacing an aging office complex and surface parking lot at 6615 East Pacific Coast Highway with the six-story project. Truist declined to disclose the loan’s […]

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Sources

Commercial ObserverTruist Provides $152M for Long Beach, Calif., Apartment Development

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