Press Release brought to you by PCCP, LLC
PCCP Provides $77.8MM Loan to Trumark Urban to Develop Luxury Condo Project in Downtown Los Angeles
Los Angeles, Calif. January 19, 2015 – PCCP, LLC announced today that it has provided a
$77.8 million senior loan to Trumark Urban for the development of a 22‐story, 151‐unit luxury
condominium project at 1050 S. Grand Ave. in Downtown Los Angeles. Trumark Urban acquired
the fully entitled site in November 2014. The financing was arranged by a team lead by John
Manning and Chris Casey of JLL Capital Markets.
01/21/2015 - 19:46