📋 Monthly Newsletter

Legislative Edge

The developer's insider guide to California's hottest incentive legislation. Free. Monthly. Actionable.

Hot off the press.

Dive into our inaugural issue — packed with everything developers need to move fast on SB 1123.

Every issue, three things that move the needle.

No filler. No fluff. Just the intel you need to find deals and close financing faster.

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Bill Spotlight

Plain-English breakdown of the single hottest active bill in California. We translate legalese into developer decisions.

  • Which parcels are eligible
  • Density and height unlocks
  • Approval timeline expectations
  • City vs. county applicability
  • Common pitfalls to avoid
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Real Deal Example

Actual LA neighborhood, real parcel, real numbers. We model the deal end-to-end so you can see the return before you ever call an architect.

  • Specific APN + neighborhood
  • Acquisition price assumptions
  • Full pro forma: revenue, costs, NOI
  • IRR and equity multiple targets
  • Exit cap rate sensitivity
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Financing Intel

Construction loan structures tailored to the featured deal type. Know exactly what lenders want to see before you walk into the room.

  • LTC and LTV benchmarks
  • Current construction rate environment
  • Lender appetite by deal type
  • Preferred equity vs. mezz considerations
  • CLS CRE deal structuring tips

Past Issues

More issues coming monthly. Subscribe now to never miss one.

Issue #1 May 2026

SB 1123 — Small Multifamily By Right

By-right approval for small multifamily on single-family lots. Boyle Heights deal modeled with construction financing breakdown.

Read Issue →
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June 2026 issue
Coming soon — subscribe to get it first.

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July 2026 issue
Coming soon — subscribe to get it first.

🗓️ More issues coming monthly — we publish the first week of every month.

Have a deal that could use one of these incentives? Let's talk construction financing.

CLS CRE specializes in structuring construction loans for LA developers navigating California's latest legislation. From SB 79 transit-oriented projects to small multifamily by-right deals — we know the capital stack and we know the market.

📩 Email Trevor at CLS CRE