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Dekel Delivers $59M Construction Loan for Thousand Oaks MF

Los Angeles-based Dekel Capital arranged $59 million in construction financing on behalf of The Latigo Group, which started work on the first significant multifamily project to be developed in Thousand Oaks since 2007. When completed, the 3.2-acre, mixed use-development at 299 E. Thousand Oaks Blvd. will include 142 units of Class A apartment homes, 9,820 square feet of ground-level retail and parking for 239 vehicles.

After securing the construction financing from a publicly-traded REIT and a life insurance company, Los Angeles-based Latigo moved forward with the development closely adhering to local and state guidance for construction sites, according to Dekel’s Shlomi Ronen who arranged the financing.

“Despite the havoc that has literally shut down the real estate industry by the COVID-19 pandemic, our two lenders closed and funded their capital,” said Ronen. “The lack of housing construction in Thousand Oaks over the last decade has led to a notable supply/demand imbalance.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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