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California  + Los Angeles  + Finance  | 

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

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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