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.