1401 Mission St.
Challenge: Evanisko was retained to sell the partially constructed project during the pinnacle of the market downturn.
Value Add: Evanisko structured a Joint Venture (JV) partnership during the downturn to facilitate the progression of the project by bringing in a builder partner who would guarantee a new construction loan. This afforded significant protection to the landowner’s equity. Units were being completed and sold as the market rebounded. Everyone won.
Evanisko Represented: Landowner and Builder
$2,500,000
18,980 SF
IN SOUTH PASADENA
PRODUCT:
22 LIVE/WORK CONDOS
