Mosaic Capital Partners announced it received full capitalization for USC Expo, a 57-unit/260-bed student housing development located less than a half-block from the campus of the University of Southern California (USC) in Los Angeles.
JLL worked on behalf of the sponsor, Mosaic Investment Partners, to secure both joint venture equity and mezzanine financing from HC2 Capital, as well as a senior construction facility from Calmwater Capital.
With completion expected in spring 2025, the seven-story USC Expo will feature fully furnished studio, one-, two-, three- and four-bedroom apartments with an average size of 923 square feet, as well as stainless steel appliances, HVAC with individual room controls, balconies and more. The property will provide approximately 10,000 square feet of amenity space, including a rooftop pool area and lounge, a second-floor amenity deck, a fitness center, a computer room, a dog park and more.
Situated near the northwest corner of V
