Brightspire Capital Lends $17.8 Million to Shopoff Realty for Cierra Apartments Refinance

Reuters

Dec 03

Brightspire Capital Lends $17.8 Million to Shopoff Realty for Cierra Apartments Refinance

Shopoff Realty Investments has secured $17.815 million in senior mortgage financing for its 60-unit multifamily property, Cierra Apartments, in Whittier, California. The senior loan was provided by a finance subsidiary of BrightSpire Capital Inc. and was brokered by JLL Capital Markets. This refinancing will enhance Shopoff's ability to operate the stabilized property, which is currently 91% leased, and provide greater flexibility in managing cash flows and preparing the project for sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brightspire Capital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA36824) on December 02, 2025, and is solely responsible for the information contained therein.

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