319 N Westlake Ave

The Tuvia Group successfully navigated the sale of a distressed, partially completed 14-unit development during a challenging lending environment. After generating nearly 100 property tours and almost a dozen offers, the team secured a first-time multifamily developer and connected the buyer with a bridge lender offering the financing needed to complete the acquisition. Despite the seller initially expecting to barely cover the existing construction loan, the transaction ultimately returned equity to the seller. When the buyer closed late, the team also negotiated a nearly $250,000 per diem penalty for the seller, with the property ultimately closing for $3.45 million.