$64M Mixed-Use
July 24, 2025
Development of 248-Unit Apartments with Retail Space
Rancho Cucamonga, CA
Parkview Financial, an alternative investment firm specializing in U.S. commercial real estate credit, today announced it has closed on a $64 million construction loan for a new mixed-use development located at 8500 Haven Avenue in Rancho Cucamonga, California. The project will feature six residential buildings, one retail building, and one mixed-use building comprising 248 garden style apartment units and ground floor commercial space. Completion is expected in Q3 2026.
Rancho Cucamonga is a supply-constrained sub-market east of Los Angeles, offering strong multi-family demand. It is relatively affordable compared with Los Angeles and boasts proximity to major Southern California employment hubs and access to a high concentration of well-compensated jobs. The area’s established retail and entertainment infrastructure further enhances its residential appeal, supporting long-term rent growth and stable occupancy.
“This is a highly strategic investment in a market with strong underlying fundamentals,” said Paul Rahimian, CEO and Founder of Parkview Financial. “With conservative underwriting, experienced sponsors, and a de-risked construction timeline, we’re confident this project is well-positioned to deliver long-term value.”
Parkview acted as a one-stop solution for the borrower, providing a highly customized loan structure that is set to start being drawn down midway through the construction process. Combined with a significant equity infusion, the loan enables the borrower to confidently continue construction towards a successful completion.
Southern California’s Inland Empire region is notoriously slow in adding new housing inventory, driving demand for developments such as 8500 Haven Avenue. The premier resort-style multifamily property will include a gym, pool, pickle ball court, secured parking spaces, coworking space, clubhouse and activated rooftop and patios. The modern, luxury units will include in-unit laundry, dishwashers, wine coolers, high ceilings, and premium interior finishes.