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California  + Los Angeles  + Finance  | 
JLL Capital Markets secured $11.75 million in permanent financing for Third Thyme, an affordable multifamily community in Los Angeles

JLL Secures $12M Loan for West Hollywood Community Housing

JLL Capital Markets secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit, affordable multifamily community in Los Angeles’ Westlake North neighborhood.

JLL worked on behalf of the borrower, West Hollywood Community Housing Corporation, to secure the 15-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC.

Located at 1441 W. 3rd St., Third Thyme is a new construction high-rise, utilizing 9% LIHTC and public funds. The property will serve seniors aged 62-plus and permanent supportive housing, along with achieving LEED Gold certification at completion.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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