Non-Recourse Construction Loan Azusa

Azusa, CA
177,000 SF

Buchanan Mortgage Holdings, LLC closed a construction loan for The Orchard, a 177,000 SF mixed-use residential and retail development located in Azusa, CA. The $55,000,000 loan will be used to build 163 market-rate apartments over 31,700 SF of retail. The development represents the borrower’s second mixed-use development and non-recourse construction loan with Buchanan Mortgage Holdings, LLC in the last two years.