Los Angeles — Core Spaces has received construction financing for Hub on Campus II, a 577-bed student housing development located near the University of Southern California (USC) in Los Angeles. TSB Capital Advisors secured the loan through Square Mile Capital and PacWest Bank on behalf of the borrower. Details of the financing were undisclosed. The project is scheduled for completion by fall 2023.
“We are very excited to begin a new relationship with the Square Mile and PacWest teams and grow our longstanding partnership with TSB Capital Advisors,” says Marc Lifshin, founder and CEO of Core Spaces. “USC is a premier global institution with compelling investment dynamics, and our vision for this site fits well with our mission to provide well-located, innovative and hospitality-driven experiences to the community and our residents.”