The Bascom Group has completed an $8.5 million refinancing of The Charleston Apartments, a 133-unit historic multifamily community in the Westlake neighborhood of Los Angeles. Built in 1924 and still retaining its original layout, vintage elevator, and century-old brick character, the property remains one of the most affordable entry-level apartment buildings on the edge of Downtown LA.
The Bascom Group has completed a $52 million cash-out refinance of Cantera at Towne Lake, a 366-unit, Class A garden-style multifamily community located in Cypress, Texas — a high-growth suburb situated northwest of Houston. Newmark Multifamily Capital Markets arranged the financing through a debt fund, with the transaction led by Vince Punzi and Lowell Takahashi […]
JLL Capital Markets has arranged $7.5 million in permanent fixed-rate financing for 200 Pine Avenue, a 64,376-square-foot retail and office building in Downtown Long Beach owned by Bascom Group. The six-story Class A building is 81% leased and recently welcomed Dirty Birds restaurant as a new ground-floor tenant.
