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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...

El Segundo-based commercial real estate debt lender Calmwater Capital has provided San Gabriel Valley-focused developer GE Property Development Inc. with a $32.3 million construction loan to complete The One, a new multifamily development in Alhambra.

Located in San Gabriel, The One will offer 81 units and street-level retail space. Located in San Gabriel, Calif., The One will offer 81 units and street-level retail space.