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anyon Partners Real Estate has provided two senior bridge loans for the refinancing of local multifamily complexes, totaling $79 million. The deals are a reflection of the current opportunity in the debt space, according to Jacob Feingold, head of originations at Canyon.
The firm believes that the need for bridge debt capital will remain high due to market volatility and upcoming debt maturities. These loans will provide attractive risk-adjusted returns for Canyon. The locations of the properties also attracted Canyon's interest, citing Torrance's diverse economy and access to amenities, as well as Santa Clarita's proximity to major freeways.
Feingold notes that despite uncertainty in certain industries, pockets of Los Angeles remain attractive for investment, particularly in multifamily housing where demand outstrips supply. The firm has invested $467 million in L.A. County projects since its inception in 1991, with a focus on high-quality opportunities built on certainty of execution.
The properties themselves offer a range of amenities, including pools, fitness centers, and playgrounds. Artisan Oaks features 17 buildings with one- and two-bedroom apartments, while SaltAire has six buildings with units ranging from one to four bedrooms. Canyon Partners Real Estate has cultivated deep relationships in the market through its long history of providing debt and equity capital.
