Santa Monica's largest residential developer has received a $157 million loan to build ten apartment buildings Downtown, according to a Los Angeles real estate site.

They include six market-rate single room occupancy (SRO) developments that triggered a legal battle with the City last year.

Read More: http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2020/March-2020/03_04_2020_WS_Communities_Secures_Loan_for_Market_Rate_SRO_Developments.html