Koreatown: 80-unit condo secures $29 million loan

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Commercial real estate services firm Avison Young closed a $29-million loan to refinance the construction and of a partially completed 80-unit condominium project in Los Angeles’s Koreatown community.

Developed by Mega Home, Golden Galaxy Plaza Condominiums is located on Leeward Avenue, two blocks south of the Wilshire/Vermont MTA station.

The complex will feature luxury condominium units ranging in size from 493 sq. ft. to 1,764 sq. ft., with an average unit size of 1,160 sq. ft., and consist of a mix of studio, one-bedroom, two-bedroom, and three-bedroom units.

The five-story building includes a pool, spa, interior courtyards, gym, meeting space, and 188-stall subterranean parking garage.

Completion is expected to be completed in spring 2019.

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