News January 07, 2022

Shekhter’s WSC gets $125M loan for LA resi developments

The Real Deal has reported that WSC Communities has secured a $125 million financing for Madison Realty Capital for a package for two residential projects in Los Angeles. The financing will allow WSC and its affiliate WS Communities to buy out its partner on the projects at 1550 Lincoln Boulevard in Santa Monica and 11001 Pico Boulevard in West Los Angeles. It also allows the developer to finish up construction on a 100-unit project at 1550 Lincoln, which topped out in 2020, and get started at 11001 Pico.

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