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May 26, 2026 12:00 PM

Parkview Financial Provides Construction Financing for 100% Affordable Multi-Family Project in Studio City, CA

LOS ANGELES, May 26, 2026 (GLOBE NEWSWIRE) -- Parkview Financial ("Parkview"), an alternative investment firm specializing in U.S. commercial real estate credit, today announced closing on a $10.6 million construction loan for a 51-unit affordable multi-family development for workforce tenants located at 12750 Moorpark Street in Studio City, a neighborhood within Los Angeles, California. The five-story building will feature standard amenities and a mix of studio, one-bedroom, and three-bedroom apartments. Completion is expected in March 2028.

The property is located in one of the San Fernando Valley's most desirable and supply-constrained neighborhoods, near Ventura Boulevard and the Shops at Sportsmen's Lodge. Its proximity to major retail, dining, and employment hubs has helped drive strong residential demand, premium market-rate rents, and low vacancy in the surrounding area, underscoring the need for affordable housing options in Studio City.

The property will be 100% affordable, with 50 of the 51 units ...

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