Carlyle Condominium Project

A limited partnership formed in 1986 for the purpose of acquiring and developing a residential property in Los Angeles, California. The site, 83,635 square feet of land was to be developed as a 31 story condominium on the Golden Mile of the Wilshire Corridor. There were to be 134 luxury units overlooking the Los Angeles County Club. The equity investment was $13,000,000 towards a total project cost of $63,380,000. The construction loan was $45,000,000.