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Parkview Financial Provides $37M for Elysian Valley Development
Los Angeles-based Parkview Financial provided a $37.3-million construction loan to a JV between River Shelters, LLC, LA River Properties, LLC, Allesandro Live Work, LLC, and Tory River Development, LLC for a mixed-used development in North Los Angeles’ Elysian Valley. Completion of the 112 apartment units with ground floor retail is anticipated for Q3 2022.
Parkview Financial’s Paul Rahimian says, “Parkview believes this new planned project will do well as there is a demand for the area and very little new residential product coming to market.”
The project will consist of four, nearby non-contiguous lots totaling 2.33 acres with 108,385-square feet of rentable space at 2957-2965, 2923-2927, 2938-2954, and 2908-2914 Allesandro St. Each of the four lots will include one three-story building.
The unit mix will include one-, two-, and three-bedrooms with features including granite countertops and private balconies. The assets will also include an observation deck, ground floor retail, river and bike path access, and surface parking.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




