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California  + Los Angeles  + Finance  | 

Dekel Arranges Nearly $48M Construction Loan for Koreatown MF

Dekel Capital, on behalf of Los Angeles-based CGI Strategies, arranged $47.8 million in non-recourse construction financing for the development of a 200-unit multifamily community in Los Angeles’ Koreatown neighborhood. The loan, which was provided by a national lender, will be used for the construction of a seven-story concrete and wood building, over two levels of subterranean parking at 837 S. Fedora St.

The property will feature a mix of studio, one and two-bedroom floor plans, ranging in size from 622 to 1,000 square feet. Ten percent of the units are earmarked for low-income renters. Property amenities include a fully-equipped fitness center, 6,500-square-foot community lounge and clubhouse, exterior courtyard and a 5,400-square-foot rooftop lounge. Construction is expected to be completed by summer 2022.

Dekel’s Shlomi Ronen says, “CGI is an experienced developer that has a strong track record of developing ground-up developments and income-producing real estate in Southern California, including several other developments in the Mid-City/Mid-Wilshire/Koreatown neighborhoods.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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