Core Insights - Shopoff Realty Investments has secured $17.815 million in senior mortgage financing for its Cierra Apartments project in Whittier, California, which consists of 60 multifamily units [1][4] - The project was developed from a former industrial site acquired in 2017, with city approval obtained in 2018, and was completed and stabilized in 2023, achieving full lease-up within its first year [2][3] Company Overview - Shopoff Realty Investments is based in Irvine, California, and has a 33-year history of value-add and opportunistic real estate investments across the United States [5] - The firm focuses on generating appreciation through repositioning commercial properties, land entitlement, and development projects [5] Project Details - Cierra Apartments features upscale amenities such as a clubhouse, fitness center, pool, and spa, and is currently 91% leased [3] - The property is strategically located with access to major employment centers and transportation corridors in Southeast Los Angeles [3]