Sycamore Canyon

Riverside, California

Overview

Marble Capital made a $15,700,000 preferred equity investment in Sycamore Canyon, a garden style apartment project being developed by Sunrise Luxury Living in Riverside, California.

Details

Construction on the project began in December 2016, and construction is expected to be completed in Fall 2018.  Once developed, the property will contain 275 units with a combination of one, two, and three bedroom apartment units.  Project amenities will include a resort style swimming pool with cabanas, a state of the art fitness center, and a common area lounge.See the Site PlanMarble Capital’s $15.7 million preferred equity investment was part of a larger financing package, which also included a first mortgage loan from Pacific West Bank and an equity investment made by Sunrise Luxury Living.