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Affinius Provides $50M Refi for Jamison’s Roya Apartments
Affinius Capital LLC closed on a $50-million loan to refinance The Roya, a 157-unit multifamily property with 10,000 square feet of retail space located in Los Angeles’ Koreatown neighborhood. The loan was made to Jamison Services, Inc. Terms of the loan were not disclosed.
“We value our continuing relationship with Jamison through this new collaboration in Koreatown,” said Affinius managing director Tom Burns. “The Roya is poised to benefit from the neighborhood’s key demand drivers including walkability, retail offerings and central location within greater Los Angeles. The property has already been well received by the market, and we expect it to continue to perform.”
Completed in September 2023, the six-story property at 760 S. Serrano Ave. replaced a surface parking lot. It provides secured on-site parking and access to Los Angeles’ major employment centers via the L.A. Metro, Wilshire Boulevard, and the 10, 110 and 101 freeways.
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- ◦Financing
