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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.
- ◦Financing




