Cushman & Wakefield has acted as the exclusive advisor to a joint-venture between LaTerra Development and Clarion Partners in securing US $90 million of financing for The Louise, an upscale multifamily mixed-use property in Los Feliz, Los Angeles.

Situated on Hollywood Boulevard , the property comprises 246 residential units and 20,487 square feet of ground floor retail space. It is directly connected to Barnsdall Art Park, one of the city’s premier parks.

Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team, consisting of Rob Rubano, Brian Share, Max Schafer, and Becca Tse, represented the borrower in this transaction. The loan was provided by PGIM Real Estate, acting on behalf of its core plus debt strategy, with Vice President Jace Bertges leading the PGIM Real Estate team. PGIM Real Estate is the real estate investment and financing arm of Prudential Financial, Inc. (NYSE: PRU), with assets totaling US $210 billion.

We successfully generated multiple competitive financing offers, providing the borrower with the means to retire its construction loan, recover equity, and gain the flexibility and duration necessary to execute its business plan.

Brian Share, Executive Managing Director of EDSF, says, “This was a highly competitive financing process. Debt capital has become increasingly challenging to secure this year, but lenders were drawn to The Louise due to its exceptional design, amenities, prime location, strong demand drivers, and top-tier sponsorship. We successfully generated multiple competitive financing offers, providing the borrower with the means to retire its construction loan, recover equity, and gain the flexibility and duration necessary to execute its business plan.”

Rob Rubano, Vice Chair of EDSF, adds, “Multifamily properties remain a preferred choice for institutional debt capital, and our Los Angeles-based debt team continues to prioritize this sector nationally. We are extremely pleased with the outcome of this financing, which underscores the vision and execution of LaTerra and Clarion in creating a remarkable asset that is well on its way to stabilization.”

The Louise stands out with its prime location on Hollywood Boulevard and comprises two newly constructed mid-rise multifamily buildings that set new standards for contemporary upscale living. Nestled in Los Feliz, a vibrant and walkable neighborhood at the crossroads of Hollywood and Silver Lake, it offers residents a mix of artistic and creative establishments, exclusive retail boutiques, coffee shops, bars, and restaurants. The property is within walking distance of numerous lifestyle retail amenities and prestigious medical campuses, and it’s just a few blocks away from Hollywood, the epicenter of entertainment and content creation.

The unit mix includes studio, one-bedroom, two-bedroom, and three-bedroom residences characterized by open-concept interiors, ample natural light, and modern finishes tailored to appeal to discerning contemporary renters. The amenities at The Louise include a co-working lounge, a 24-hour fitness center, a vibrant indoor/outdoor clubhouse, and collaborative and private office spaces.

Notably, The Louise is one of few wood-frame buildings in Los Angeles to feature a rooftop pool and a rooftop deck with panoramic views of the adjacent Barnsdall Art Park, Hollywood Sign, and Griffith Observatory.

Multifamily properties remain a preferred choice for institutional debt capital, and our Los Angeles-based debt team continues to prioritize this sector nationally.