Buchanan Mortgage Holdings, LLC Provides a 12-month, $49,000,000 Non-Recourse Bridge Loan
Buchanan Mortgage Holdings, LLC (BMH), an affiliate of Buchanan Street Partners, L.P., provided a 12-month, $49,000,000 non-recourse bridge loan secured by a recently completed Class A, mixed-use property comprised of 127 multifamily units above 9,500 SF of ground-level retail in Azusa, CA. The property is still in the initial lease-up phase and was 85% leased at closing. Located in the heart of Downtown Azusa, the transit-oriented community provides residents with immediate access to the Metro Gold Line station, essential retail and dining, as well as a desirable on-site amenity package that includes secured structured parking, multiple resident lounges, a courtyard pool, and fitness center.
