Talonvest Capital, Inc., a boutique commercial real estate advisory firm, arranged a $21,500,000 bridge loan to refinance Kanvas Apartments, a newly developed, Class-A multifamily project located in the Koreatown neighborhood of Los Angeles. The financing was secured on behalf of EGC Real Estate, a privately held real estate development firm with a 40-year track record specializing in multifamily and luxury residential projects across Southern California.
A Talonvest team comprised of Andrew Marshall, Kim Bishop, Ivan Viramontes, Tom Sherlock, and Lauren Maehler negotiated the non-recourse financing with a debt fund, delivering a three-year bridge loan with two 12-month extension options. Strategic negotiations secured a 3.95% decrease for the borrower as compared to the pay rate on the existing loan.
“Talonvest evaluated multiple capital stack solutions including preferred equity behind agency, lower leverage bridge plus preferred equity, and cash-neutral bridge loans,” said Marshall. “By orchestrating a competitive bid process and leveraging longstanding capital relationships, we were able to secure highly accretive pricing and proceeds for our client.”
He added, “As capital continues to compete in the current environment, increasingly nuanced structures are surfacing, particularly when leverage exceeds 65%. Lender appetite for quality multifamily opportunities has expanded in 2025, though risk metrics and market fundamentals remain under close scrutiny.”
The favorable Los Angeles multifamily dynamics also supported execution. “Absorption continues to outpace deliveries across Los Angeles, particularly for Class A product in highly walkable locations,” Marshall said. “This was evident in the rapid lease-up at Kanvas Apartments, a trend we expect to persist in demand-concentrated submarkets such as Koreatown with density-friendly zoning and high barriers to entry.”
Located at 905 S. Vermont Ave., Kanvas Apartments comprises 67 units—including 13 studios, 33 one-bed/one-bath units, and 21 two-bed/one-bath units—along with ground-floor retail. The property distinguishes itself with panoramic rooftop views, onsite parking, upscale finishes, and premium fixtures, while offering residents the convenience of a full-service grocery store directly across the street.
“The Talonvest team delivered exceptional results, managing the transaction effectively from start to finish,” said Ron Gonen, president of EGC Real Estate. “Their professionalism, attention to detail, and responsiveness were outstanding.”
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