BWE said Wednesday it had secured a total of $220 million in loans for Opus, a newly constructed 428-unit luxury apartment property in the Koreatown neighborhood of Los Angeles. SVP Max Sauerman and VP Tyler Sebeck originated a $205,000,000 senior loan and a $15,000,000 mezzanine loan on behalf of an affiliate of Jamison Properties, LP, from New York Life Real Estate Investors.

The $205-million five-year senior loan included full-term interest-only, with the rate locked at application, The $15-million floating-rate mezz loan was co-terminus with the senior loan and was sized to just over break-even on current pay.

“Jamison developed a wonderful project and NYLREI, to their credit, was able to provide excellent loan terms on an asset that was not yet fully stabilized,” said Sauerman. “It was refreshing to have a lender that’s comfortable with good real estate, in the right location and at the right basis, despite choppy capital markets.”

Completed last June, Opus is now approximately 90% leased.

Be there on June 18 when Jamison CEO Jaime Lee joins other CRE leaders for the “View from the Top” panel discussion during the 9th Annual Connect Los Angeles 2025, June 18 at the Intercontinental Los Angeles Downtown. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else.