$85M in Financing Secured for Largo Multifamily
Klein Enterprises has closed an $85 million loan for the development of Aura, a transit-oriented luxury apartment complex in Largo, Md. Financing was arranged by Michael Raphael and Jason Gerstein of Rockville-based LGA Capital and provided by Northwestern Mutual. Aura will feature 379 Class A apartments offering stainless steel appliances, custom cabinetry, LED lighting, walk-in closets, and in-unit washers and dryers. The apartment community will boast an array of amenities: a pool; 24-hour fitness center; resident lounge; dog park and pet spa; BBQ grilling areas; and electric vehicle charging stations.