Parkview is a private lender focused on the niche market of construction loans.
Parkview’s leadership has extensive experience in underwriting construction loans and managing them on a monthly basis while the project is underway. Their knowledge of and experience in construction is crucial to effectively underwriting and managing construction loans. Parkview originates loans for various property types, including Multi-Family and Single-Family Spec Homes, Mixed-Use, Retail, Office, Industrial, and Entitled Land.
TYPE OF LOAN
$5M - $100M
Up to 36 months,
First Trust Deeds Only
LOAN TO COST
Up to 75%
Starting at 7.99%
Starting at 1 point
Parkview has had the honor of working with a wide range of developers on an array of impressive projects that enhance the communities in which they are located. Below are some featured deals we have provided financing for that are currently in various stages of construction
Parkview Provides $26M Construction Loan for Multi-Family/Retail Project in Denver, CO
Parkview announced today it has provided a $26 million construction loan to Art District Holdings, a Denver-based apartment developer, for the development of an eight-story apartment and retail building located at 1225 Santa Fe Drive in the Arts District in Denver, CO. The 125,494-square-foot asset will include 126 apartment units and two ground floor retail spaces totaling 6,465 square feet. Additionally, the property will include parking on the first and second floors. The fully entitled project has now commenced construction with completion anticipated for summer 2021.
Parkview Provides $29M Loan for Koreatown Condo Development
Parkview has provided a $29 million loan to refinance the construction of an 80-unit condominium complex in Koreatown. The project is partially completed.
“We have deep knowledge of the Koreatown submarket, and our team quickly recognized the inherent value of the real estate and viability of this project,” said Paul Rahimian, the chief financial officer of Parkview Financial, in a statement. “We are pleased to play an important role in bringing Leeward Plaza to completion.” The project is expected to be completed in the spring.
Oakland Affordable Housing Development Lands $32M Loan
Parkview Financial announced today it has provided a $32 million construction loan to oWow for the development of a four-story 102-unit 91,180-square-foot live/work affordable rental project in Oakland. Located on 1.44 acres at 1919 Market Street, the adaptive reuse project was formerly an industrial-zoned Greyhound Bus Terminal. oWow is an Oakland, CA-based company committed to building affordable new housing projects that strengthen neighborhoods by revitalizing unoccupied buildings and vacant land.
These projects, alongside his partnership with Parkview Financial, serve to prove Markowitz’s. commitment to creating more multifamily development in the Los Angeles and Beverly Hills area. “As a former developer of multifamily in Los Angeles, Paul Rahimian and his team at Parkview understand the development process better than any bank or other lender could ever comprehend,” said Markowitz. Marvin has secured a $13.5 million loan from Parkview Financial and approval from the City of Los Angeles for the construction of 20 apartment units across five stories, including one level of subterranean parking.