14640 Whittier Blvd.
Challenge: The entitled project was in a location with demand but with little to zero new construction rent comparables. Additionally, the Seller needed to refinance to float the property through the sales cycle. The project entitlements were not fully completed and required additional departmental clarifications.
Value Add: Evanisko first brokered a new loan to the Seller prior to engaging Buyers for the entitled project. Evanisko managed Buyer and Seller meetings with Fire and other applicable departments to clarify and correct certain open entitlement conditions required to eliminate perceived project hurdles.
Evanisko Represented: Seller Exclusively
$2,300,000
1.25 ACRES
IN WHITTIER
PRODUCT:
50 APARTMENTS
