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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
- ◦Financing
- ◦Development

