LOS ANGELES — BWE has arranged $220 million in loans for locally based Jamison Properties to refinance construction debt on Opus, a 428-unit high-rise in Los Angeles’ Koreatown neighborhood. Jamison broke ground on Opus in 2022 and opened the property, which consists of two towers, in 2024. Opus is managed by Greystar. Monthly rental rates range from $3,630 to $4,945, according to Apartments.com. The property was 90 percent leased at the time of the loan closing.
BWE’s Max Sauerman, senior vice president, and Tyler Shebeck, vice president in BWE’s Los Angeles office, arranged a $205 million senior loan and a $15 million mezzanine loan from New York Life Real Estate Investors. Both are fixed-rate loans.
Units at Opus feature floor-to-ceiling windows, open floor plans, high ceilings, luxury-brand appliances, balconies and smart home features. The unit mix includes one-, two- and three-bedroom floor plans. The amenity package consists of multiple resident lounges and entertaining spaces, coworking rooms, two fitness centers, a game room, a movie theater, a golf simulator, a dog park and grooming station, a rooftop pool with a hot tub and more. Opus also has 10,000 square feet of ground-floor commercial space.