January 28, 2023
You are here:  Home  >  Columns  >  Current Article

Oasis Apartments scores $10.5M from LA lender


Johnson Capital’s Los Angeles office funded $10.5 million in permanent financing for the privately held entity that owns the 125-unit Oasis Apartments in Goleta.

This is the fifth loan Johnson Vice President Kevin Burkhalter has closed in the South Coast area in the past two years.

“In my 25 years in this industry, I’ve never seen this kind of a demand vacuum,” Burkhalter said. “However, the Tri-Counties historically has not suffered from overbuilding, and it’s those barriers to entry that have kept the vacancy rates so low.”

The full version of this column is only available to print subscribers. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE for $49.99 today.