Financing the Substantial Rehabilitation of an Age-Restricted Property in Santa Monica, CA

Berkadia dives into the financing secured for the substantial rehabilitation of Westminster Towers, a 285-unit, age-restricted property in Santa Monica, California. In this episode, Ernie welcomes Berkadia's Kevin Kozminske and Charles Eldred of Falkenberg/Gilliam & Associates (FGA) to break down the $70.6M HUD 221(d)(4) loan that will help ensure long-term affordability and sustainability for senior residents. Visit berkadia.com to learn more.