JLL Capital Markets secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit affordable multifamily community located in Los Angeles’ Westlake North neighborhood. On behalf of the borrower, West Hollywood Community Housing Corporation, JLL worked to secure the 15-year fixed-rate loan through Freddie Mac Multifamily which will be serviced by JLL Real Estate Capital LLC.
Third Thyme is a new construction high rise utilizing 9% LIHTC and public funds that will serve seniors aged 62+ and provide permanent supportive housing while achieving LEED Gold certification at completion. Located at 1441 W 3rd St., this project marks an important milestone for both JLL and West Hollywood Community Housing Corporation as they strive to meet their respective goals of providing quality housing solutions throughout LA County.
