Palm Springs Condo Development Rising
Construction is under way on a 118-unit condominium development in Palm Springs, expected to be completed in June.
Pasadena-headquartered First Interstate Mortgage Co.’s residential division provided $21.8 million in construction and permanent financing for the project, which is being developed by Peri-Mel 1, a California General Partnership. The project in on an 8.18-acre site on the west side of Caballeros Avenue.
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