Corus Lends $127Mln for Los Angeles Mixed-Use Project

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An affiliate of Koar Institutional Advisors has lined up $127 million in construction financing from Corus Bank for Solair Wilshire, a mixed-use project in Los Angeles.

The Beverly Hills, Calif., firm is constructing Solair Wilshire through a joint venture with the Los Angeles Metropolitan Transit Authority. The project will be at the intersection of Wilshire Boulevard and Western Avenue next to the Red Line subway station.

Solair Wilshire will include 186 residential condominium units, 40,000 square feet of retail space and a 578-space parking garage. It will also include a library, business center and 20,000-sf garden.