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Home Finance Winstar Properties Acquires 205-Unit The Flat in Downtown Los Angeles Through Assignment of Securitized Mortgage
FinanceIndustry NewsLos AngelesResidential

Winstar Properties Acquires 205-Unit The Flat in Downtown Los Angeles Through Assignment of Securitized Mortgage

July 27, 20263 Mins read388
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Los Angeles County records show Winstar Properties took control of The Flat, a 205-unit City West apartment tower in Downtown Los Angeles, through an assignment of the property's securitized mortgage and re-levered the asset with a new $17.25 million bank loan, a two-step play that points to a discounted takeout in one of the market's […]

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