Alexan West End in Long Beach, California

CBRE Secures $200 Million in Construction Financing for Alexan West End in Long Beach, California

by Channing Hamilton

LONG BEACH, CALIF. — CBRE has arranged $200 million in financing for the construction of Alexan West End, a 600-unit community in downtown Long Beach. CBRE worked on behalf of the borrowers, R&V Management and Trammell Crow Residential, to secure the five-year financing, which consists of a $166 million construction loan from Kennedy Wilson and a $34 million mezzanine loan from a national life insurance company.

Alexan West End will include four buildings, which will house a mix of studio, one-, two-, and three-bedroom units. Units average 767 square feet in size. Planned amenities include club lounges, coffee lounges, an indoor and outdoor fitness center, pool and spa, sky deck and a pet spa. A construction timeline was not disclosed.

CBRE Capital Markets’ Debt and Structured Finance team included Bill Chiles, Scott Peterson and Morgon Fraser in San Diego, as well as Tom Traynor and Adam Spengler in New York City.

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