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

Parkview Financial, a Los Angeles-based commercial real estate lender, announced the closing of a $10.6 million construction loan for a 51-unit affordable housing project at 12750 Moorpark Street in Studio City, California. The five-story building will offer studio, one-bedroom, and three-bedroom apartments, with 50 of the 51 units reserved for low-income and working-class tenants. Completion is set for March 2028, addressing a critical need for affordable housing in a neighborhood with strong demand and limited supply. The project is located near Ventura Boulevard and the Shops at Sportsmen’s Lodge, placing it close to retail, dining, and employment hubs, including major entertainment studios like Universal, Warner Bros., and Disney. Studio City’s high residential demand and low vacancy rates have driven premium rents, making affordable housing developments difficult to finance. This project, approved under Los Angeles’ Executive Directive 1, aims to expedite fully affordable housing construction. Parkview Financial specializes in U.S. commercial real estate credit, with over $4 billion in loans executed across 200 projects since its founding in 2009. The firm focuses on middle-market financing for multifamily, single-family residential, industrial, retail, and mixed-use developments. CEO Paul Rahimian highlighted the growing opportunity in affordable housing, particularly in markets like Los Angeles, where supportive policies and demand create scalable investment potential. The loan supports a rare addition of fully affordable units in a desirable submarket, where such projects are historically harder to fund compared to market-rate developments. Parkview’s team of in-house experts in origination, credit underwriting, and construction provides flexible financing solutions, reinforcing its reputation as a trusted lender in complex real estate transactions. Headquartered in Los Angeles with offices in New York and Las Vegas, Parkview has grown exponentially since 2009, offering swift financing to well-capitalized borrowers. The firm’s ability to navigate supply-constrained areas like Studio City underscores its role in bridging gaps in affordable housing availability.