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n Azusa, California, Langdon Park on Arrow is a 84-unit apartment community featuring one-, two- and three-bedroom apartments and a swimming pool. Located 25 miles east of downtown Los Angeles, the property has been acquired by Langdon Park Capital and Standard Real Estate Investments, who plan to rebrand it as Langdon Park on Arrow. The new ownership group aims to enhance the resident experience through modest renovations while maintaining affordability and minimizing displacement.

    The joint venture secured funding from The Community Preservation Corp. for equity financing, with a Fannie Mae loan arranged by Walker & Dunlop. Additionally, the property will benefit from a Welfare Tax Exemption through the California Municipal Finance Authority, facilitated by Housing on Merit, a California-based nonprofit serving as managing general partner.