By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $9 million ground-up multifamily construction loan in Los Angeles typically finances a 25 to 45 unit small-to-mid market-rate multifamily project at total project cost of $14M to $20M. LA ground-up faces specific regulatory constraints (AB 2011, Measure ULA, soft story, AB 1482) that affect entitlement and financing.
Get a Quote on Your $9M Deal →$9M LA ground-up multifamily construction stacks combine senior construction debt with institutional or family office equity.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Typical $9M LA ground-up sponsors are LA-focused multifamily developers with prior completed projects. Sponsor net worth typically $5M to $20M.
On a $9.5M ground-up 32-unit market-rate multifamily construction in a Mid-Wilshire LA submarket, the sponsor was an LA developer with 3 prior projects. Construction debt at SOFR + 525 (10 percent all-in), 70 percent LTC ($6.7M), with Fannie Mae forward commitment at 5.95 percent for permanent.
Anonymized. All deal references protect borrower and lender identity.
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