Joint venture lends LA developer nearly $18 million

The Los Angeles owners of a Polk County apartment complex have obtained a $17.66 million loan on the community. 

The mezzanine loan is on the 384-unit Lynwind Apartments in Davenport. Terms for the financing were not disclosed. 

The Latigo Group-owned community is between Lake Wilson Road and Grey Heron Boulevard. It was completed in 2023 and sits on 26.6 acres. The gated community is made up of one-, two-, three- and four-bedroom units and is 91% occupied.