SAN GABRIEL, CA - Calmwater Capital has provided Alhambra, CA-based GE Development, Inc. with a $32.25 million construction loan for the completion of The One, an 81-unit multifamily development over 13,000 square feet of street-level retail in the Southern California community of San Gabriel.
Calmwater’s financing will be used to take out the original construction lender with a portion of the loan proceeds to be used to fund hard and soft costs needed to bring the project to 100 percent.
Located in San Gabriel, The One will offer 81 units and street-level retail space. Located in San Gabriel, Calif., The One will offer 81 units and street-level retail space.