Forsyth Street Asset Management LLC
SEC RegisteredAbout the firm
The New Generation Fund LLC provides flexible acquisition, predevelopment, and moderate rehab financing for developers committed to the creation of new or preservation of existing affordable rental housing in the City of Los Angeles. Made possible through an innovative partnership between Enterprise Community Partners, Inc., the Los Angeles Housing Department, and a multi-bank syndication, the Fund is capitalized with $68.5 million of lendable proceeds.
Firm Focus
Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.
Areas of expertise
Services
Flexible acquisition, predevelopment, and moderate rehab financing, including loan advance rates of up to 130% LTV for Non-Profit Sponsors and up to 95% LTV for For-Profit Sponsors, variable rate financing, up to 3-year loan maturities with up to one 12-month extension, and limited payment guarantees of 25% for Non-Profit Sponsors. Underwriting and servicing is delegated to 6 Los Angeles-based community development financial institutions.
Who they serve
Developers committed to the creation of new or preservation of existing affordable rental housing in the City of Los Angeles, including both Non-Profit and For-Profit Sponsors.
| Client segment | Clients | Assets managed |
|---|---|---|
| State/Municipal Entities | 4 | — |
Leadership
Office locations
Regulatory & compliance
Data as of March 31, 2026 · Source: SEC IAPD & FINRA BrokerCheck
Contact Information
This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. Forsyth Street Asset Management LLC has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.
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