Investment and development firm WS Communities has scored $157 million in financing for the development of 849 rental units in Santa Monica, The Real Deal has learned. Madison Realty Capital is providing a bridge loan for the construction of 10 new apartment buildings in the housing-strapped city. The projects will have a combined 35,000 square feet of retail space. The developments fall under a new agreement with Santa Monica to boost affordable housing. They include
source https://therealdeal.com/2020/03/04/madison-makes-157m-loan-on-santa-monica-rental-projects/
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