Loan OKd for Rental Units
- Share via
An $8.5-million construction/financing loan for a Westwood apartment building at 527 Midvale Ave. has been arranged for Homestead Group Associates by Meenas Manjikian and Richard Bopp of George Smith Financial Services through California Federal Savings & Loan.
The loan, more than $80,000 a unit, is considered high for an apartment project, according to Manjikian, but is justified by the low vacancy levels and high rents in Westwood.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
