Brightspire Capital Lends $17.8 Million to Shopoff Realty for Cierra Apartments Refinance
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Shopoff Realty Investments secured $17.815 million in senior mortgage financing from BrightSpire Capital Inc. for Cierra Apartments in Whittier, California. The refinancing, brokered by JLL Capital Markets, will enhance Shopoff's operational capabilities and cash flow management for the 91% leased property, preparing it for sale.
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