4
Units delivered
Multifamily · Hollywood
The June IV
1323 N June St · Refinanced & Held · 4 Units · 2023 – present
Hollywood
Submarket
Held
Refinanced into term debt
2025
Delivered
The Investment
A four-unit Hollywood-adjacent build, refinanced and held.
A ground-up four-unit building on North June Street, Hollywood-adjacent — a submarket where land basis is high but rental demand is deep and consistent.
The building was refinanced through Acra and retained rather than sold.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| Ground-up multifamily | Refinanced & held | 2023 – present |
Detailed project financials are discussed privately with investors we have an established relationship with. How we work with investors →
This project was completed by the principals through Thornton Development Group or an affiliated predecessor entity. It was not an Assemble Capital offering and did not involve Assemble Capital investors. Sale prices are recorded sale prices. Past performance is not indicative of future results.
Investment Cycle
How the Deal Ran.
Every project follows the same arc — acquire, design and permit, build, market, exit. What changes is where the time and the risk concentrate.
2023
Acquire
Hollywood-adjacent site acquired for a four-unit program.
2023
Permit
Ground-up multifamily permitting completed.
2023–2025
Build
Four-unit building constructed and delivered.
2025
Stabilize
Units leased into deep Hollywood rental demand.
2025–2026
Refinance & Hold
Refinanced through Acra; asset retained.
The Takeaway
Deep rental demand supports a hold strategy, but leverage on a held asset cuts both ways, so it is underwritten conservatively.
Investor Relationships
Interested in How We Work?
We develop Los Angeles residential projects alongside investors we know well, and the principals personally guarantee the project loans, never our investors. Project details are shared privately, once we’ve gotten to know you. Nothing here is an offer to sell or a solicitation to buy any security.